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Wilhelmsen acquires 50pc stake in MPC Capital ship management company

NORWAY's Wilhelmsen Ship Management (WSM) is taking a 50 per cent stake in MPC Capital's technical ship management unit Ahrenkiel Steamship expanding its presence in the containership sector

28 July 2020 - 19:00

NORWAY's Wilhelmsen Ship Management (WSM) is taking a 50 per cent stake in MPC Capital's technical ship management unit Ahrenkiel Steamship expanding its presence in the containership sector.

WSM and MPC Capital have agreed to combine technical ship management of containerships with a new joint venture Wilhelmsen Ahrenkiel Ship Management owned 50-50 by the two companies.



The joint venture will operate from Ahrenkiel's current locations in Hamburg and Rhoon and be supported by the global network of Singapore-headquartered WSM.



'We are very happy to strengthen our presence in Germany together with a strong partner like MPC Capital,' said CEO and president of WSM Carl Schou.



'We believe Ahrenkiel Steamship is a good fit as we share many common values; focusing on quality, heritage and at the same time have ambitious goals to utilise digital technology to enhance and improve the operations. We are looking forward to develop a strong track record together in the container segment through this partnership.'



The joint venture currently has a fleet of 72 vessels under management and will focus on feeder container vessels in the 1,000-3,000 TEU capacity range.



Head of Ahrenkiel Steamship Michael Silies will take up the role of managing director at the joint venture, reports Seatrade Maritime News, Colchester, UK.


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