German shipowner Carsten Rehder is forming a joint venture with Singapore's Thome Group to handle the management of its fleet.

The new company, called Thome Shipmanagement Germany, will handle Rehder's owned and managed fleet of boxships, bulkers and a multipurpose (MPP) ship.

The move comes a month after Rehder agreed a cooperation deal that saw it and compatriot owner Aug Bolten jointly market their handysizes and supramaxes.