Maersk Sorting Things Out

Brian Dobbie
27th June 2009, 21:00
Date: 24/06/2009
AP Moller-Maersk has sold Reederei Blue Star to Komrowski Shipping.

HAMBURG-based shipping group Komrowski will take over AP Moller-Maersk’s German ship management subsidiary Reederei Blue Star.

Reederei Blue Star manages a fleet of 34 vessels comprising nine 2,500 teu feederships, nine boxships of around 4,200 teu, five vessels of 3,600 teu and 11 containerships with a 8,400 teu capacity.
Reederei Blue Star has 40 employees at its Hamburg offices. The deal will involve no job losses, Komrowski managing director Roland Höger told Lloyd’s List.
All the vessels are owned by German KG funds and have long-standing charterparty contracts with Maersk Line as prime charterer. The charter contracts with Maersk would remain unchanged and had not been renegotiated, Mr Höger said.
Reederei Blue Star will be part of the Komrowski group but will continue to operate under its own name.
“We have a lot of respect for Blue Star and want to keep the name,” Mr Höger said.
Reederei Blue Star became part of the Danish shipping giant when it took over P&O Nedlloyd in 2005. According to shipping sources, Maersk Line was never fond of Reederei Blue Star, which was profitable but did not generate high revenues.
Reederei Blue Star had been on the market for about a year, Mr Höger said. He did not reveal the purchase price although he said it had been low.
The deal brings Komrowski’s fleet to 52 vessels under management and its total boxship capacity to 190,000 teu.
“The acquisition gives us the opportunity to become active in the larger containership segments,” Mr Höger said.
To date, Komrowski has only managed feederships of up to 1,700 teu.
The Komrowski fleet also includes four heavylift vessels and eight bulk carriers of between 57,000 dwt and 75,200 dwt.
Komrowski itself has an additional ten vessels on order: four 1,085 teu feederships and six bulkers of 57,000 dwt and 75,200 dwt respectively.
The vessels are due for delivery in 2009 and 2010.

Wonder what will happen next to the guys who sail on these ships?