International event for project cargo professionals


Media: Zeamarine is disposing of vessels

Zeamarine is reportedly disposing of vessels to deal with its financial losses. The fast-growing shipping company last month announced that it has hired a restructuring specialist to take over the management of the company and turn things around. 

According to brokers, BBC Chartering has already taken over six Zeamarine vessels on time charter contracts, reports Shippingwatch. It concerns six vessels with a deadweight of around 12,500 tonnes with the contract duration varying from 12 to 24 months.

Shipowners with ships on charter to Zeamarine are also said to be looking for alternative customers to lease their ships to, the brokers say.

PCJ has reached out to Zeamarine but the company declined to comment.


The problems at Zeamarine became apparent last month after the sudden departure of CCO Dominik Stehle and co-founder and managing partner Jan Hendrik Többe. Subsequently, Zeamarine announced that it hired restructuring specialist Sven Lundehn from Alldatax to take over the management of the company. In maritime circles, Lundehn is widely known for leading the insolvency process of Beluga Shipping, which before its bankruptcy in 2011 was one of the largest heavy-lift shipping companies in the world.

In a brief statement e-mailed to PCJ, spokesperson Holger Römer said that Sven Lundehn has been brought in as managing director to re-establish the company and align the business strategy with the vision of the senior management. “Contrary to the sentiment of the articles written, we can provide assurance that our company is performing and shareholders are committed with their support for the continuation of our business”, Römer added.

Rapid growth

Zeamarine was initially founded as Zeaborn by Jan Hendrik Többe and Ove Meyer in 2013. Meyer already left the company last summer. In a statement at the time, the company said that after six years of leading Zeabron through rapid growth, Meyer wanted to pursue new opportunities.

In only five years time, Zeaborn grew from a new shipping company to the fourth larges MPV-operator in the world. Most notably, Zeamarine was able to quickly climbs by taking over the fleets over Rickmers-Linie and Intermarine.

The rapid expansion has now caught up with the company, which is rumoured to be losing money as a result of higher charter rates and disappointing freight rates.

More news

Fuel prices take a massive nosedive

Fuel prices have taken a massive nosedive since the beginning of the year with low sulphur fuel prices in Singapore dropping from USD 734 per tonne on January 1st to USD 415 per tonne today. The price drop comes at a good time as the transport and logistics industry is struggling with low demand as… Read more ›

Zeamarine closes offices in Denmark

Zeamarine is closing its operations in Denmark. The Danish subsidiary has filed for bankruptcy resulting in the closure of two offices and 23 employees being sent home, confirms local liquidator Hafnia Law. The German breakbulk carrier has two offices in Denmark, one in Naevsted and one in Aarhus, but both offices have now been closed… Read more ›

Manager loses contact with general cargo vessel after pirate attack

Chinese vessel manager Tianjin Xinhai International Ship Management has lost contact with its general cargo vessel Huanghai Glory after the vessel sent a piracy alert using its Ship Security Alert System (SSAS).  An unknown number of pirates are believed to have boarded the vessel, which is currently drifting off the coast of Nigeria. The vessel’s… Read more ›