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German logistics company takes 40% stake in Arkon

German logistics giant Rhenus has swooped to take a 40% stake in compatriot Arkon Shipping, an owner with 119 ships to its name made up of smaller boxships, mini bulkers, handy bulkers and heavylift ships.

The two companies have formed a new investment vehicle Rhenus-Arkon-Shipinvest with a view to expanding Arkon’s fleet.

“For Rhenus, European short sea shipping is part of their service offerings. Arkon’s experience in the formation of ship pools has made the company one of the market leaders in European short sea shipping. We want to consolidate this position together, “said a senior official from Rhenus, a company with an annual turnover of more than EUR4bn.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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