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Offen spins off $800m tanker division.

Europe Intelligence Wire

| April 02, 2007 | COPYRIGHT 2007 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

Byline: Shipmanagement stalwart Stephan Polomsky to head Hamburg-headquartered operation, writes Janet Porter

GERMAN shipowner Claus-Peter Offen is spinning off his fledgling tanker interests into a separate company as he seeks to grow this new business in partnership with Sweden's Brostrom Group.

Mr Offen has invested around $800m in chemical-product tankers over the past few months but continues to spend heavily on containerships, where he is one of the world's biggest owners.

Stephan Polomsky has been recruited from John T Essberger to head CP Offen Tankschiffarts, which will be based in Hamburg alongside Reederei Claus-Peter Offen's containership operations.

The first ships to join the new company will be a series of eight 37,000 dwt ice-class chemical-product tankers ordered from Hyundai Mipo late last year for 2008 delivery.

These will be operated through a recently formed long-term partnership between Offen and Brostrom that already has eight similar sized ships trading in Europe.

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