German logistics operator Rhenus Group acquired 40% stake in Arkon Shipping

Arkon ShippingThe German logistics operator Rhenus Group intends to acquire a 40% stake in carrier Arkon Shipping, but finance details of the deal were not revealed. The deal is part of the development strategy of Rhenus, within the framework of which it is planned to create a joint investment company Rhenus-Arkon Shipinvest GmbH & Co KG, and increase the fleet of Arkon. Also the company plans to increase the capital of the shipping operator, using the funds to acquire new modern vessels and modernize the current ones. The investment will expand the operations of the carrier in Europe and the Far East.

“European short-sea shipping is part of the range of services provided by Rhenus. We’ve been able to gain a partner in the shape of Arkon to significantly expand this service and make it more flexible”, said the Senior Manager of Rhenus Port Logistics, Thomas Maassen. “Arkon has become one of the leaders in the European feeder shipping market due to the attraction of third-party carriers. We want to jointly consolidate this position”, added he.

Arkon Shipping manages a fleet of more than 120 vessels comprising container ships, bulk carriers and multipurpose ships. It specializes in European coastal and container feeder services and global heavy lift and project shipping. The other shareholders in Arkon Shipping are the shipping broker Torsten Westphal and ship owners Herm and Stefan Jüngerhans and Gerd Wessels, each having 20% from the shares.

The Rhenus Group is a logistics services provider with global business operations and annual turnover of 4.6 billion EUR. Rhenus has business sites at over 500 locations worldwide and employs more than 26,000 people. The Rhenus business areas – Contract Logistics, Freight Logistics, Port Logistics and Public Transport – manage complex supply chains and provide a wealth of innovative value-added services.