Top liner shipping executive Gunther Casjens (53) is to take over as chief executive of Nordcapital with the prime responsibility of expanding its shipping portfolio.

Nordcapital is already a major investor in shipping and owns ER Schiffahrt, the German shipping group whose fleet is due to rise to more than 80 vessels by 2007.

Gunther Casjens
Casjens was the senior liner shipping executive at Hapag-Lloyd and a key figure behind plans to list the company until he quit in unexplained circumstances early this year.

Nordcapital