Intermarine is transforming itself from a pure operator into a shipowner, and hopes to become a market consolidator with the backing of its private equity owners.

This ambition has been thrust upon the US-based project and heavylift general cargo player by the market it is trying to serve, according to chief executive Andre Grikitis.

Intermarine chief executive Andre Grikitis Photo: Intermarine

Long content to be a multipurpose (MPP) operator mainly taking vessels on a short-term basis for its customers, Intermarine gradually found this business model hard to sustain as its traditional sources for tonnage gradually closed due to constraints on investment in the heavylift MPP fleet.