LNG

Jan 9 (LNGJ) - The Schulte Group has signed a contract to acquire all the shares in the LNG ship manager Pronav, subject to merger approval of the German Federal Cartel Office. “The transaction puts the Schulte Group in a strong position to further exploit ship owning and ship management potential in the growing LNG market,” said a statement. Schulte owns about 100 vessels, mainly containers, tankers and bulkers and manages 600 vessels in all segments. Pronav, based in Hamburg, is a ship manager specializing in large LNG tonnage. Schulte is currently providing management services for 23 LNG carriers and has one LNG bunkering vessel and one 174,000 cubic metres capacity LNG carrier on order which will join the Schulte fleet in 2018.