Germany’s Zeaborn Ship Management has clinched a contract to manager four handysize bulkers for Canadian giant Fednav.

The deal is an “important milestone” for the group, it said.

The 37,900-dwt Federal Skeena (built 2012) has now joined the fleet, with three more geared ships to follow.

The contract was secured after a “comprehensive tendering process” by Montreal-based Fednav, Canada’s largest dry bulk shipping company with 120 ships.

“Zeaborn convinced the tender board with its holistic lifecycle ship management approach,” the German group said.

Michael Brandhoff, chief executive of Zeaborn Ship Management, said he was excited and humbled to have the opportunity to work with a company like Fednav.

“We have always said that we want to become long-term partners of our clients, an integral part of their organisation, tasked with executing their business,” he added.

“Working for and with Fednav proves that we are on the right track, and with the takeover of the first vessel, we have our work cut out to prove our worth,” the CEO said.

Fednav fleet vice president Martin Krafft said his group is looking forward to adding Zeaborn’s expertise to its fleet management service provider base.

“This will further strengthen our capabilities to provide our clients with the best possible service offering for their unique ocean transportation requirements in an increasingly demanding and complex maritime environment,” he added.

CEO hand-over this year

Brandhoff took over from Rob Grool as CEO on 1 January/

He was chief operating officer at the company, as well as managing director of Zeaborn’s tanker management division.

Zeaborn Ship Management is a pure third-party manager based in Hamburg and Singapore.

The fleet comprises oil and chemical tankers, multipurpose vessels, ultra-large containerships, and bulkers from handymaxes up to newcastlemaxes.