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.