- Wilhelmsen Ship Management and MPC Capital AG have agreed to combine their activities in the technical management of container ships.
- Wilhelmsen Ship Management acquires 50% stake in Ahrenkiel Steamship, a MPC Capital subsidiary.
- Access to Wilhelmsen’s global network improves service scope and quality for ships under management.
- Joint Venture leverages on a broad range of activities of the Wilhelmsen and MPC Capital organizations.
The Hamburg-based asset and investment manager MPC Capital AG and Wilhelmsen Ship Management, a third party ship manager headquartered in Singapore, have agreed to combine their activities in the technical management of container ships, reads a press release by Wilhelmsen.
A 50% stake in MPC
To this end, Wilhelmsen Ship Management acquires a 50% stake in Ahrenkiel Steamship GmbH & Co KG, the technical container ship manager within the MPC Capital Group.
In the future, the joint venture will operate under the brand “Wilhelmsen Ahrenkiel Ship Management”.
- The company will continue to operate out of Hamburg and Rhoon, while supported by Wilhelmsen’s global network.
- The new company will manage a fleet of currently 72 container ships with a focus on feeder container ships with a capacity of 1 000 to 3 000 standard containers (TEU).
Fleet expansion for International business
The aim is to further expand the fleet and expand the service business internationally. The parties have agreed not to disclose the purchase price.
The closing of the transaction is still subject to approval by the relevant antitrust authorities.
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Source: Wilhelmsen
