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Rhenus buys barge firm

[ July 21, 2020   //   ]

Rhenus Group has signed a purchase contract with OT Logistics Capital Group and the Carl Robert Eckelmann company to acquire a majority stake in inland water operator Deutsche Binnenreederei, for an undisclosed sum.

Deutsche Binnenreederei has offices in Berlin and Hamburg and mainly operates on waterways in eastern German and Poland, mainly for container transport and dry bulk and heavy lift freight. Founded in 1949, the company has over 700 vessels with a total carrying capacity of around 400,000dwt at its disposal.

Deutsche Binnenreederei will continue to operate as an independent company within the Rhenus inland shipping group.

Spokesman for the Rhenus Transport management, Thomas Maaßen, said: “Deutsche Binnenreederei promises to be an excellent addition to our current activities. The takeover will enable us to strengthen our presence, especially in the eastern German canal network and in Poland, but also in the Benelux countries, France and along the Danube. Furthermore, the container business fits in very well with our activities at Contargo and NWL Norddeutsche Wasserweg Logistik,”

OT Logistics chief executive Konrad Hernik said that with the sale of the inland waterway operations the company would focus primarily on developing its port activities and forwarding services.

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