A relatively new shipmanager formed by three German shipowners and a Hong Kong investment fund has picked up a series of 10 feederships in the latest of a series of deals involving German banks.

Jebsen Shipping Partners (JSP) has emerged as managing owner of the boxships between 800 teu and 1,700 teu that are being spun-off by HSH Nordbank as part of the bank’s efforts to lower its portfolio of shipping assets.