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Schulte Group acquires PRONAV

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LNG Industry,

The Schulte Group has signed a contract for the acquisition of 100% of the shares in the LNG ship manager PRONAV – subject to merger approval of the German Federal Cartel Office (Bundeskartellamt).

The worldwide operating Schulte Group owns about 100 vessels (mainly container, tanker, bulker) and manages 600 vessels in all segments. PRONAV, based in Hamburg, is an international ship manager specialised in large LNG tonnage. Schulte Group is currently providing management services for 23 LNG carriers and has one LNG bunkering vessel and one 174 000 m3 LNG carrier on order which will join the Schulte fleet in 2018.

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