Netherland-based Vroon shipowner has completed implementation of the financial restructuring for the “new” Vroon.

The company said all lights have “turned green” and the new Vroon will be a more focused, lean and financially robust international shipping company.

As part of the restructuring, the majority ownership of Vroon has transferred to its lenders, whilst the Vroon family will retain a small interest.

This ”new” Vroon will focus on its specialised fleet of deepsea vessels (livestock carriers, product tankers and high-heat tankers) and emergency response and rescue vessels (ERRV).

“The future of our 40 offshore-support vessels (OSV) will be elsewhere, under new ownership. Several options to wind down this part of the fleet are being pursued and we expect to inform you on progress in the coming period,” as the company reports.

The owner also announces the new management which will develop a renewed strategy for the “new” Vroon.

Herman Marks has stepped down as CEO on completion of the restructuring, after serving Vroon over the past 22 years.

His position will take Mr. Martijn Schouten as new CEO, from 15 June.

As the company notes Mr. Martijn brings extensive experience in the shipping industry, with various international board, commercial and M&A (mergers and acquisitions) roles at IHC. After leaving IHC in 2016, he became the CEO of a subsea contractor in the UK. His most recent position was commercial director of a Netherlands-based family-owned international maritime service provider with shipbuilding activities and renting and operating floating assets.

To ensure continuity, Rob Schuyt will continue as CFO until a new CFO is appointed later this year.

The current supervisory board is stepping down. As Vroon reports the new supervisory board will be composed of Govert Marras-Hamers as Chairman, Falk Holtmann and Toine van Laack.

“Govert Marras-Hamers is an experienced board member, who has held senior management positions in various technology companies and was CEO of Royal IHC, a major Dutch shipbuilder. Falk Holtmann has over 25 years’ experience in the international shipping industry, as owner, interim manager and restructurer of various shipping companies. Toine van Laack will bring knowledge and experience from his previous position on the Supervisory Board since 2017,” said Vroon in an announcement.