Zeaborn and Intermarine to launch MPP joint venture

HOUSTON/BREMEN: The Zeaborn Group and Maritime Holdings Delaware, owner of Intermarine, have set up ‘Zeamarine’, a joint venture for the carriage of project, breakbulk and heavylift cargo.

With Zeaborn as the majority shareholder, the new company is expected to operate a fleet of over 100 vessels by the end of 2018, subject to regulatory approval.

The agreement also includes the consolidation of vessel fleets, staff and the global network of customers and offices.

“Each respective entity brings unique value to the joint venture,” said Zeaborn managing partner Ove Meyer. “Intermarine has a strong reputation out of the United States into South America and is a leading project cargo player out of Asia; Zeaborn brings a strong presence in Europe and Asia.

Intermarine was founded in 1990 in New Orleans, LA and operates an MPP fleet with lifting capacity up to 1,400 tonnes with regular sailings in the Americas, West Africa, Europe, Asia, and the Middle East.

Zeaborn has expanded over the last five years through organic growth and tactical acquisitions of core companies in Europe and the Far East, including Rickmers-Line and E.R. Schiffahrt.

“This combination of resources will build a platform for continued growth and development by combined activities in liner and global contract services across a broadband of customers and cargoes,” commented Intermarine president and CEO Andre Grikitis.