Wilhelmsen Ship Management takes 80% stake in Ahrenkiel Tankers

Singapore-headquartered Wilhelmsen Ship Management (WSM) has taken over the management of five tankers after sealing a deal to take an 80% stake in Hamburg-based Ahrenkiel Tankers from MPC Capital.

MPC will retain a 20% share in the company, which will be rebranded as Barber Ship Management in a throwback to WSM’s original name when founded in 1975.

The two companies completed a similar deal in 2020, when WSM took a 50% stake in MPC subsidiary Ahrenkiel Steamship to form boxship management jv Wilhelmsen Ahrenkiel Ship Management.

“This acquisition is a clear statement of our intent to expand in the tanker segment,” said Carl Schou, chief executive officer and president of WSM. “Ahrenkiel Tankers has developed a strong reputation for reliable tanker management and represents an ideal fit with Wilhelmsen Ship Management given our common values of environmental responsibility and safety, aligned with a high level of competence.”

The deal marks a first step for WSM after its decision to re-enter the tanker segment after a lengthy absence.

“We now look forward to growing in the tanker segment by applying our management expertise that has been proven over many years with a track record of safe, sustainable and cost-effective operations,” Schou said.

WSM is one of the world’s largest shipmanagers, with a fleet of around 450 vessels under management and over 10,000 seafarers.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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