Traditional German shipowners are turning to international ship managers to win third-party ship-management services deemed essential to survive an era of dwindling fleets.
That has resulted in overseas managers grabbing a foothold in the German market.
Singapore’s Thome Group has hooked up with Germany's Carsten Rehder, while MPC Capital teamed up with Wilhelmsen Ship Management, also of Singapore.
A central theme flowing through the transactions has been the need to adapt the German ship-management model from a traditional owner-manager to a third-party manager.
