Intership Navigation announces separation from the Hartmann Group in management buyout

Intership Navigation, founded 35 years ago by German ship owner Alfred Hartmann, has announced its separation from the Hartmann Group through a management buyout by its long-term CEO Dieter Rohdenburg.

According to an announcement from the company, as of 1 January 2024 Dieter Rohdenburg acquired the majority shareholding of Intership which includes its subsidiaries Intership Navigation Co Ltd, Donnelly Tanker Management and Hartmann Crew Philippines.

The Hartmann Group, now run in second generation by CEO Niels Hartmann, decided to divest of its Cyprus based management company in early 2023. Niels Hartmann said of his decision: "I am happy to have agreed the transfer of ownership to Dieter Rohdenburg who has been with the company for 34 years, 13 of which as the CEO. This will ensure that the business will continue to be run successfully and at the same time the independence from our ship owning group will allow Intership to grow through the acquisition of new clients."

According to the announcement, Hartmann will maintain its presence as pure ship owner in Cyprus, focusing on bulk carriers and their commercial management. In addition the Hartmann Group will strengthen its activities around Gas carrier owning, management and crewing in Germany.

"I am excited about the opportunity to develop Intership as a pure ship manager and to take the company to new heights," said Dieter Rohdenburg. "Ship management has been in our DNA since the very beginning some 35 years ago. The independence will allow us to expand our service offering and create value for a larger client base."

Intership Navigation was founded in 1988 and manages today approx. 60 vessels in full management and more than 100 in crew management. The company will continue to manage the Hartmann-owned vessels from its offices on Miltonos Street, Limassol.