Topic: Restructuring

Maersk carries out major restructuring

Maersk is carrying out a major reorganisation aimed at “streamlining” the organisation, which is said to have nothing to do with Covid-19. The Danish group reports this in an advisory to its customers.Read more
|Comment|author: Mariska Buitendijk
Wartsila Helsinki office

Wärtsilä restructures Marine Business

Wärtsilä has decided to reorganise its Marine Business into three independent businesses: Marine Power, Marine Systems and Marine Voyage. The objective of this change is to accelerate strategy execution, simplify the business structure, and strengthen...Read more
|Comment|author: Mariska Buitendijk

Zeamarine officially insolvent as restructuring continues

The German booking and operation offices Zeamarine Bremen, Zeamarine Germany and Zeamarine Chartering have come under court supervision while the restructuring of the Bremen-based MPV-operator continues, meaning the company is officially insolvent. In the first official...Read more
|Comment|author: Mariska Buitendijk

UHL confirms takeover of eleven Zeamarine vessels

United Heavy Lift (UHL) has taken over a total of eleven vessels from financially distressed Zeamarine. The German shipping company will take over nine eco-friendly F900 heavy-lift new buildings and two existing vessels on time...Read more
|Comment|author: Mariska Buitendijk

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...Read more
|Comment|author: Mariska Buitendijk