News

Chemikalien Seetransport (CST) and Dr. Peters Group establish a joint venture for ship management, CST/DS Shipmanagement GmbH

Hamburg/Dortmund, 3 February 2021

The Hamburg-based shipping company Chemikalien Seetransport (CST) and the Dortmund-based investment manager Dr. Peters Group (DPG) are founding a joint venture with immediate effect. From now on, this will be active on the market as a further maritime service provider and will bear the name CST/DS Shipmanagement GmbH. The management activities of the DPG subsidiaries DS Tankers and DS Schiffahrt will be largely integrated into the joint venture. The fleet is to be further expanded, especially in the tanker segment.

The joint venture will be based in the premises of the shareholder Chemikalien Seetransport in Hamburg.

Chemikalien Seetransport brings in-depth know-how in the management of LNG, chemical, product and crude oil tankers as well as bulkers to the venture. This know-how is profitably complemented by the many years of experience in the technical management of crude oil tankers and dry cargo vessels of the DPG subsidiaries DS Tankers and DS Schiffahrt.

Independent of the joint venture, Chemikalien Seetransport as well as DS Tankers and DS Schiffahrt will continue to exist as independent companies.

With a fleet of currently 40 tankers and bulkers, Chemikalien Seetransport will further expand its market position as one of the leading German tanker shipping companies.

In the coming years, DS Tankers and DS Schiffahrt will continue to fulfil selected contracts that were concluded prior to the formation of the joint venture. In addition, DPG will continue to be active in chartering and crewing through its subsidiaries.

Christian Krämer, Chairman of Chemikalien Seetransport: “We are looking forward to the cooperation with Dr. Peters Group and that the establishment of this joint venture will enable us to further expand the fleet managed by our company. DS Tankers and DS Schiffahrt have an excellent reputation for the technical management of crude oil tankers and other tonnage such as bulkers and MPPs and thus complement our fleet very well.”

Commenting on the formation of the joint venture, Kristina Salamon, CEO of Dr Peters Group, said: “We have been pushing ahead with the strategic realignment of our shipping activities for around one and a half years. By closing ranks with Chemikalien Seetransport and now establishing a joint venture, we have brought together competencies, experience and very good employees. This creates a new, strong ship manager with potential for new business and thus for the expansion of the fleet managed by CST/DS Shipmanagement GmbH.”

About Chemikalien Seetransport:
Chemikalien Seetransport is part of the Krämer Group, which also includes the engineering and consulting company Marine Service GmbH, founded in 1958 by Dr Karl-Heinz Krämer. Since its foundation in 1969, Chemikalien Seetransport has developed into a globally recognised shipping company for the management of crude oil tankers, product tankers, chemical tankers, LNG and LPG vessels and bulkers. The fleet comprises 26 product tankers, 13 chemical tankers and one bulker. Christian Krämer has been managing the group of companies in the third generation since 2017.

About Dr. Peters Group:
Founded in 1975, Dr. Peters Group is an investment manager specialising in real assets with integrated asset management. With a portfolio of 145 funds launched, over 90,000 investments and an invested volume of €7.4 billion, Dr. Peters Group is one of Germany’s leading providers of real asset investments. Through subsidiaries such as DS Tankers and DS Schiffahrt, Dr. Peters Group offers comprehensive and professional services for all commercial and technical tasks in the field of ship management for tankers and dry cargo vessels.

The Hamburg-based shipping company Chemikalien Seetransport (CST) takes over 100% of the shares in the Bremen-based shipping company RIGEL Schiffahrts GmbH & Co. KG. After the takeover, Rigel will continue as an independent company.

Christian Krämer, Chairman of Chemikalien Seetransport: “We are pleased to be able to expand our tanker fleet with the acquisition of Rigel. Rigel has an excellent reputation for the technical management of product and chemical tankers and therefore complements our group very well.” Following the takeover, Chemikalien Seetransport and its subsidiaries will further expand their market position as one of the leading German tanker shipping companies with a fleet of 33 tankers and bulkers.

Chemikalien Seetransport is part of the Krämer Group, which also includes the engineering and consulting company Marine Service GmbH, founded in 1958 by Dr Karl-Heinz Krämer. Since its foundation in 1969, Chemikalien Seetransport has developed into a globally recognised shipping company for the management of crude oil tankers, product tankers, chemical tankers, LNG and LPG vessels and bulkers. The fleet comprises 18 product tankers, 3 chemical tankers and one bulker. Christian Krämer has been managing the group of companies in the third generation since 2017.

Rigel was founded in 1990 and is a Bremen-based shipping company specialising in the technical management of product and chemical tankers. The fleet currently includes 8 chemical tankers and 3 product tankers.

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