EQS-News

Wilhelmsen and MPC Capital acquire Hamburg-based ship manager Zeaborn

EQS-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Takeover Wilhelmsen and MPC Capital acquire Hamburg-based ship manager Zeaborn 21.12.2023 / 11:00 CET/CEST The issuer is solely responsible for the content of this announcement. Press release

Wilhelmsen and MPC Capital acquire Hamburg-based ship manager Zeaborn

• Wilhelmsen Ship Management and MPC Capital jointly acquire 100 % of Zeaborn Ship Management
• Close partnership between Wilhelmsen and MPC Capital will be strengthened by the expansion of an integrated third-party ship management hub with a wide range of services for container ships, bulk carriers, tankers and multipurpose vessels
• The transaction creates a leading ship management hub anchored in Hamburg

Singapore / Hamburg, 21 December 2023 -- Wilhelmsen Ship Management (“Wilhelmsen”), a provider of third-party ship management services headquartered in Singapore, and Hamburg-based asset manager MPC Capital have agreed to acquire 100 % of the company Zeaborn Ship Management (“Zeaborn”). The acquisition is the consistent next milestone in the partnership between MPC Capital and Wilhelmsen and their ship management joint venture Wilhelmsen Ahrenkiel Ship Management (“Wilhelmsen Ahrenkiel”) and tanker specialist Barber Ship Management (“Barber”).

Zeaborn manages a fleet of around 100 vessels, comprising of container ships and bulkers as well as tankers and multi-purpose vessels, which are managed from offices in Hamburg, Limassol, Singapore and Manila.

Creating a leading competence center for ship management

With the full integration of Zeaborn into the joint technical management activities of MPC Capital and Wilhelmsen, the partners create a leading competence center for third-party ship management in Hamburg. After the integration of Zeaborn, the combined activities will continue to operate under the brand names of Wilhelmsen Ahrenkiel and Barber, respectively.

The joint activities will be co-headed by Managing Directors Dr. Michael Silies and Michael Brandhoff. Michael Silies has been with MPC Capital since 2003 and has headed their ship management activities since 2015. Michael Brandhoff has been Managing Director of Zeaborn since 2017.