Technical ship management

Wilhelmsen and MPC Capital join forces in technical ship management

Posted on July 21, 2020 1:33 p.m. by

The Maritime Executive

Wilhelmsen Ship Management, a third-party ship management service provider headquartered in Singapore, and Hamburg-based asset and investment manager MPC Capital AG have agreed to combine their activities in the technical management of container ships . To this end, Wilhelmsen Ship Management is acquiring a 50% stake in Ahrenkiel Steamship GmbH & Co KG, the technical container ship manager within the MPC Capital group.

In future, the joint venture will operate under the brand “Wilhelmsen Ahrenkiel Ship Management”. The company will continue to operate in Hamburg and Rhoon, while being supported by Wilhelmsen’s global network. With around 100 employees, the new company will manage a fleet of 72 container ships currently, with a focus on feeder container ships with a capacity of 1,000 to 3,000 standard containers (TEU).

The managing director of the joint venture will be Dr. Michael Silies who has led Ahrenkiel Steamship since 2015. He is supported by Jan-Eric Panitzki, who will continue to oversee the operational part of the business.

“We are very happy to strengthen our presence in Germany with a strong partner like MPC Capital. We think Ahrenkiel Steamship is a good choice because we share many common values; focusing on quality, heritage and at the same time have ambitious goals to use digital technology to improve and enhance operations. We look forward to building a strong experience in the container segment together through this partnership,” said Carl Schou, CEO and President of Wilhelmsen Ship Management.

Christian Rychly, Managing Director of MPC Capital, said: “We are very pleased to have Wilhelmsen on our side as a strong partner with whom we can constantly develop our shipping business. We want to offer the best services to our customers and Wilhelmsen’s network and expertise in other transport segments will improve our position in the container segment.

The closing of the transaction is still subject to the approval of the relevant antitrust authorities.

The products and services described in this press release are not endorsed by The Maritime Executive.