Wilh. Wilhelmsen ASA

M&A Activity • Dec 21, 2023

Wilh. Wilhelmsen Holding ASA: Wilhelmsen and MPC Capital acquire Hamburg-based ship manager Zeaborn

Wilh. Wilhelmsen Holding ASA: Wilhelmsen and MPC Capital acquire Hamburg-based ship manager Zeaborn

Wilhelmsen Ship Management, a fully owned subsidiary of Wilh. Wilhelmsen Holding ASA and a provider of third-party ship management services headquartered in Singapore, and Hamburg-based asset manager MPC Capital have agreed to acquire 100 % of the company Zeaborn Ship Management.

Zeaborn manages a fleet of around 100 vessels, comprising of container ships and bulkers as well as tankers and multi-purpose vessels, which are managed from offices in Hamburg, Limassol, Singapore and Manila.

The acquisition is the consistent next milestone in the partnership between Wilhelmsen Ship Management and MPC Capital and their ship management joint venture Wilhelmsen Ahrenkiel Ship Management and tanker specialist Barber Ship Management. The expanded joint ship management activities of Wilhelmsen Ship Management and MPC Capital will continue to be managed from Hamburg, advancing Hamburg’s position as a major ship management hub with more than 150 vessels in technical management.

The closing of the transaction is expected for Q1 2024 and is subject to approval by the competent antitrust authorities.

For further information,

contact:

Investors:

Åge Sturtzel, IRO

Wilh. Wilhelmsen Holding ASA

Tel: +47 900 87 670

Email: aage.sturtzel@wilhelmsen.com

Media:

Esther Gan

Vice President of Sustainability and Communication

Wilhelmsen Ship Management

Phone +65 6513 4670

Email: esther.gan@wilhelmsen.com

About Wilhelmsen Ship Management

Wilhelmsen Ship Management is a part of Wilhelmsen Maritime Services, a Wilh. Wilhelmsen Group company. Wilhelmsen Ship Management is one of the world’s largest third-party ship managers with a portfolio of more than 450 vessels and 11,000 active seafarers. Wilhelmsen Ship Management provides technical and crew management services for various vessel segments: LNG/LPG; Ro-Ro and PCC/PCTC vessels; FPSO/FSO; Container; Cruise; Bulk; Seismic; and Offshore. Wilhelmsen Ship Management manages vessels from eight offices worldwide alongside a crewing network of 21 manning offices in 13 countries. Other key services include dry-docking services, layup services and newbuilding supervision.

For more information, please visit www.wilhelmsen.com/ship-management.

About Wilh. Wilhelmsen Holding ASA

Our vision is to shape the maritime industry. Founded in Norway in 1861, Wilhelmsen is now a comprehensive global maritime group providing essential products and services to the merchant fleet, along with supplying crew and technical management to the largest and most complex vessels ever to sail. Committed to shaping the maritime industry, we also seek to develop new opportunities and collaborations in renewables, zero-emission shipping, and marine digitalization. Supporting a diverse and inclusive workplace, with thousands of colleagues across more than 60 countries, we take innovation, sustainability and unparalleled customer experiences one step further.

For more information, please visit www.wilhelmsen.com.