Germany-based chemical tanker operator John T Essberger’s unit Essberger Tankers has entered a deal with Nordic Tankers and Embarcadero Maritime to purchase Danish company Crystal Nordic for an undisclosed sum.
Embarcadero Maritime is a joint venture (JV) between Borealis Maritime and KKR.
Go deeper with GlobalData
Crystal Nordic currently owns a fleet of 14 ships with capacities ranging from 4,000dwt and 12,000dwt and primarily serves customers in Northern Europe.
The company was established in 2015 following the merger of Nordic Tankers’ inter-European stainless-steel chemical tanker business and Crystal Pool.
Crystal Nordic is equally owned by Nordic Tankers and Embarcadero Maritime.
Essberger Tankers’ current fleet of ships comprises a total of 23 vessels, which are designed to carry different types of chemicals.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataCrystal Nordic chairman Per Sylvester Jensen said: “We are of the opinion that John T Essberger will be a very good owner of Crystal Nordic and thus enhance the service and flexibility offered to the customers.”
Nordic Tankers Trading previously unveiled a plan in March last year to establish a new company in partnership with V.Group with the aim of achieving growth and investment in its Copenhagen, Denmark-based ship management operations.
The proposed company, Dania Ship Management, will be based at Nordic Tankers’ Copenhagen headquarters.
The company is expected to primarily focus on investing in specialist ship management operations across Scandinavia.
