NORD/LB, OFFEN Group and Caplantic cooperate in Shipping Services and Restructuring
The German Landesbank NORD/LB, the international ship manager and owner OFFEN Group and the alternative investment specialist Caplantic cooperate in the shipping services and restructuring business. The shareholders are planning to develop Crystal Ocean into a global leader in loan workout management for the shipping industry.
Because of their respective key business emphases, the shareholders are able to achieve the best possible systematic combination of shipping and financing know-how to secure a successful workout.
The shares of Crystol Ocean Advisory GmbH are distributed as follows:
NORD/LB, OFFEN and Caplantic each hold a third of the shares
About OFFEN Group
OFFEN Group is a German ship manager and owner registered in Hamburg. The company was founded in 1971 by Claus-Peter Offen and manages a modern fleet of more than 100 container ships (1,800 to 14,000 TEU). The fleet includes the CPO Italy Class and seven identically constructed super-postpanmax container ships with a capacity of more than 14,000 TEU each. The managed ships are primarily deployed in scheduled services of leading charterers like Mediterranean Shipping Company (MSC), Maersk, CMA CGM or Hapag Lloyd. OFFEN Group provides the technical, operative and commercial management as well as staffing of the ships.
Since 2007 the company has also started to get involved in chemical and product tankers as well as bulk carriers. As part of its fleet OFFEN Group manages eight product tankers at 36,000 DWT each, eight product tankers at 52,000 DWT each and four capsize bulk carriers.
In 2015 the Reederei Claus-Peter Offen was reorganised into the OFFEN Group as preparation for entering new business segments in the international capital market. OFFEN Group now consists of the companies CPO Container, CPO Tanker, CPO Bulker and CPO Crewing.
With total assets of EUR 197 billion, NORD/LB is one of the largest and most active banks in Germany. Its core business segments include corporate business, structured financing in the energy and infrastructure sector, ship and aircraft financing, commercial real estate financing (via Deutsche Hypothekenbank), capital market business and private and commercial financing. The bank has its headquarters in Hanover, Braunschweig and Magdeburg and branches in Düsseldorf, Munich, Hamburg and Schwerin. NORD/LB is represented outside of Germany by a subsidiary in Luxembourg and branches in London, New York, Singapore and Shanghai.
Over the course of more than 45 years, NORD/LB has established its ship financing sector as one of its key strategic business segments. Due to the ongoing exposure to the maritime economy, throughout several cycles, the NORD/LB has evolved into one of the world’s leading providers of ship financing.
Caplantic GmbH is a joint venture between NORD/LB, Talanx and Bankhaus Lampe. The core competences of Caplantic are products and services related to Alternative Assets, Financial Solutions and Private Equity. In this context, Caplantic offers structuring and management of equity and debt investment products related to such asset classes as shipping, aircraft, real estate, renewable energy and private equity.
Global market risks make investing in increasingly volatile financial markets more difficult to predict. A professional investment selection, with close attention to risks, is based on a detailed market analysis of the respective field, underlying technological parameters, cash flows and risk drivers. Even in such turbulent times, we help our clients keep abreast of the situation.
Caplantic is a BaFin-regulated financial services company. Therefore, stringent quality requirements are set for all our processes.