Newly formed Wilhelmsen Ahrenkiel Ship Management will be the focus of a global containership hub in Germany.
It will leverage the global network of Wilhelmsen Ship Management to grow its container business.
But it will retain a base in Hamburg to help manage the fleet of 72 containerships, which are mostly between 1,000 teu and 3,000 teu.
Asset manager MPC Capital sold a 50% stake in its technical shipmanagement division Ahrenkiel Steamship to Singapore-based Wilhelmsen Ship Management in a virtual signing ceremony on 21 July.
