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Tuesday, July 21, 2020 

Wilhelmsen Ship Management, headquartered in Singapore, and the Hamburg-based asset and investment manager MPC Capital AG have agreed to combine their activities in the technical management of container ships. through Wilhelmsen Ship Management acquiring a 50 % stake in Ahrenkiel Steamship, the technical container ship manager within the MPC Capital Group.

The joint venture will operate under the brand 'Wilhelmsen Ahrenkiel Ship Management'. The company will continue to operate in Hamburg and Rhoon, while supported by Wilhelmsen’s global network. With around 100 employees, the new company will manage a fleet of 72 container ships with a focus on feeder container ships with a capacity of 1000 to 3 000 TEU.

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

Carl Schou, CEO and President of Wilhelmsen Ship Management, said: “We are very happy to strengthen our presence in Germany together with a strong partner like MPC Capital. 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 utilize 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.”

Christian Rychly, MD of MPC Capital, said: “We are very pleased to have Wilhelmsen at our side as a strong partner with whom we can consistently expand our shipping activities. We want to offer the best services to our clients and Wilhelmsen’s network and expertise in other shipping segments will improve our position in the container segment.”

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

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