Further consolidation with the German shipping scene has taken place with news today that Hamburg’s Aug. Bolten Wm. Miller’s Nachfolger (Aug. Bolten) has joined forces with Ahrenkiel Vogemann Bulk (AVB). The merger, which will be realised shortly, expands AVB’s market position in the technical management of bulk carriers significantly taking AVB’s managed fleet to 17 handysize bulk carriers.
AVB was established in 2016 by Hamburg-based MPC Capital Group and the Hamburg shipping company H. Vogemann in order to merge the activities in the technical management of bulk carriers under the leadership of the MPC Capital Group.
With Aug. Bolten, another traditional shipping company now joining the joint venture the company is being renamed AVB Ahrenkiel Vogemann Bolten GmbH & Co. KG. It will continue to be led by Dr Michael Silies, Jan-Eric Panitzki and Karl Mohr.