Carsten Rehder Schiffsmakler und Reederei is ringing in managerial changes at a pivotal time for the 120-year-old company.

Long-time boss Thomas Rehder is preparing to hand over his day-to-day roles to a younger generation led by 38-year-old Jonas Meinhardt.

The move comes as the German managing owner of bulker, container and multipurpose vessels is looking for new opportunities.