Wilhelmsen Ship Management and MPC Capital will acquire Zeaborn Ship Management as part of their joint ventures Wilhelmsen Ahrenkiel Ship Management and Barber Ship Management.
The significant acquisition will see Zeaborn’s operations, which includes managing a fleet of around 100 vessels, brought under the Wilhelmsen Ahrenkiel and Barber, which specialises in tankers, brands.
Carl Schou, CEO and president of Wilhelmsen, said: “The acquisition of Zeaborn is our strategic move to expand and strengthen our market presence in the ship management arena.
“The transaction will increase our vessels in management to a size that we are confident that we can continue to deliver the best ship management services to our existing and future customers.”
Zeaborn, which has offices in Hamburg, Limassol, Singapore and Milan, will be integrated into operations lead by Managing Directors Michael Silies and Michael Brandhoff from Wilhelmsen and MPC Capital’s Hamburg offices in Germany.
Ulf Holländer, CEO of MPC Capital, said he was excited to grow the ship management platform, he said: “With the integration of Zeaborn’s complementary client base and services we further strengthen our market position in the ship management business.
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“Combining our expertise with that of Zeaborn will allow us to deliver an outstanding service offering.”
The acquisition is perhaps one of the last in a series of maritime mergers in 2023, including another ship management focusses deal involving V.Group’s buyout of Belships Management (Singapore).