Schulte secures approval from German competition watchdog to buy LNG ship manager Pronav

Hamburg shipowning and management group Bernhard Schulte has received an approval from Germany’s competition watchdog to acquire liquefied natural gas (LNG) ship manager Pronav.

With this merger approval by the German Federal Cartel Office (Bundeskartellamt), the acquisition announced in January is now finalized.

Pronav manages six carriers which all under long-term charters to LNG producing giant Qatargas.

The vessels are Duhail, Al Ghariya, Al Ruwais, Al Safliya, Milaha Qatar and Milaha Ras Laffan.

The acquisition of Pronav boosts Schulte Group’s capabilities and capacity in the growing LNG market.

At present, the Schulte Group provides full management for three LNG carriers and crew management for 21 LNG tanker.

Five LNG carriers with a capacity of 173,000-174,000 cubic meters each and one LNG bunkering vessel are set to join the company’s fleet in 2018 and 2019, which will bring the number of the company’s fully managed LNG fleet to 15, according to Schulte.

Share this article

Follow LNG World News

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year from 19-20 February 2019 in Tokyo, Japan…

read more >

Global LNG Forum 2019

Global LNG Forum is your opportunity to see what the future of LNG will be like…

read more >

LNG2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.

read more >