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06 May 2021 The on-line newspaper devoted to the world of transports 06:02 GMT+2

July 21, 2020

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Wilhelmsen Ship Management acquires 50% of Ahrenkiel Steamship

In the joint venture, the joint venture will be fully implemented technical management of container

Ship management company Wilhelmsen Ship Management, fully controlled by the Norwegian maritime group Wilh. Wilhelmsen Holding, has acquired 50% of Ahrenkiel's capital Steamship, company of the German MPC Munchmeyer Petersen Capital AG (MPC Capital) which deals with the technical management of MPC Capital. According to forecasts, acquisition, which is subject to the approval of antitrust authorities, will be completed in the course of third quarter of this year.

With the acquisition of the share, the new company name of the Ahrenkiel Steamship to become Wilhelmsen Ahrenkiel Ship Management and the joint venture will integrate the activities Wilhelmsen Ship container management technical management Management and MPC Capital. The renewed company, with 100 employees will maintain their headquarters in Hamburg, and will manage a fleet of 72 carrier carriers, focusing in particular on focus on ships between 1,000 and 3,000 Teu.

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