Shipping
Bulk shipping company Aug. Bolten joins joint venture for technical management of Ahrenkiel Steamship and H. Vogemann
04 Apr 2019
- Further bundling of competencies in technical management for bulk carriers
- Renaming as AVB Ahrenkiel Vogemann Bolten
- Joint venture's managed fleet grows to 17 bulk carriers
- Additional location in Palmaille in Hamburg-Altona
Hamburg, 4 April 2019 - The Hamburg shipping company Aug. Bolten Wm. Miller's Nachfolger (GmbH & Co.) KG ("Aug. Bolten") joins Ahrenkiel Vogemann Bulk GmbH & Co. KG ("AVB"). The merger which will be realized shortly, expands AVB's market position in the technical management of bulk carriers significantly: the fleet managed by AVB grows to 17 bulk carriers with an average age of the fleet in service of only about 6 years. The focus of the currently managed fleet is on the Handysize segment. The managed fleet also includes two new Handysize vessels, which are currently under construction. Only in January another new Handysize building was added to the management of AVB. Next to the technical management of the ships operated by the three partners AVB also offers these services for 3rd party owners.
AVB was initiated in 2016 by the Hamburg 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 joins the joint venture. With the accession of Aug. Bolten, the company is renamed as AVB Ahrenkiel Vogemann Bolten GmbH & Co. KG.
In addition to its previous location in Hallerstrasse in Hamburg-Rotherbaum, AVB opens a further location in Palmaille in Hamburg-Altona, the headquarters of MPC Capital and Ahrenkiel Steamship. Dr. Michael Silies, Jan-Eric Panitzki and Karl Mohr will continue to act as managing directors.
About MPC Capital AG (www.mpc-capital.com)
MPC Capital AG is an internationally active asset and investment manager specialising in real asset investments. Together with its subsidiaries, the company develops and manages investment products for international institutional investors, family offices and professional investors. Its focus is on the asset categories Real Estate, Shipping and Infrastructure. MPC Capital AG has been quoted on the stock exchange since 2000 and has around 300 employees group-wide.
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Stefan Zenker
Head of Investor & Public Relations
+49 (40) 380 22 - 4347
s.zenker@mpc-oceanic.com
About MPC Oceanic Group
The MPC Oceanic Group is a publicly traded investment and management company headquartered in Hamburg, Germany, with operations in the maritime and energy sectors. For more than 30 years, the company has been developing business models and platforms that are of key importance to global trade and the energy transition. Together with institutional investors and strategic partners, MPC Oceanic develops, structures, and finances investments in vessels and energy infrastructure. In addition to its investment business, the Group’s companies provide operational services to industrial customers and third-party owners, ranging from newbuilding supervision to technical and commercial management during operations. MPC Oceanic employs approximately 280 people in 10 countries and manages or operates more than 400 vessels and energy projects with a total value of approximately EUR 5.6 billion (“assets under management”). The shares of MPC Oceanic Group AG are listed in the Scale segment of the Frankfurt Stock Exchange (Deutsche Börse) under the ISIN DE000A1TNWJ4.
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