• 2016 December 4 08:38

    Hamburg shipping companies Ahrenkiel Steamship and Vogemann merge their activities

    The Hamburg shipping companies Ahrenkiel Steamship GmbH & Co. KG ("Ahrenkiel Steamship") and H. Vogemann Reederei GmbH & Co. KG ("Vogemann") are merging their activities involving the technical management of bulk carriers, the company said in its press release. The joint venture set up for this purpose, with the name of Ahrenkiel Vogemann Bulk GmbH & Co. KG ("AVB"), starts out managing a fleet of 14 bulk carriers with a total freight capacity of around 1 million tdw including three vessels of Hamburg-based KG Reederei Roth GmbH & Co. ("Reederei Roth"). The fleet's focus is currently on the Supramax and Panamax segments, but there are plans to branch out into other size categories. For example, two new Handysize vessels are expected to go into service at Reederei Roth in the first quarter of 2017 and will likewise be managed by AVB.

    The majority shareholder of AVB is Ahrenkiel Steamship, which belongs to the MPC Capital Group. Dr Michael Silies and Jan-Eric Panitzki (both Ahrenkiel Steamship) alongside Karl Mohr (Vogemann) have been appointed as the directors. Ahrenkiel Steamship and Vogemann had already established a joint pool for Supramax bulk carriers last year. The new joint venture that is now taking shape, with its operational base at Vogemann's business premises in Hamburg-Rotherbaum, is intended to take the partnership between the companies to the next level and secure an improved market position by unlocking synergies in technical management. Vogemann will take charge of chartering for the bulk carriers managed by AVB.

    The market for bulk carriers is one of the areas of merchant shipping to have stabilised in recent months. After touching a low of 300 points in February 2016, the Baltic Dry Index has experienced a resurgence over the remainder of the year. In November the BDI moved above 1,200 points, its highest level since the end of 2014.

    "In establishing the joint venture we are significantly extending our expertise in the bulk carrier area, which complements our existing focus on the midsize container ship segment. The strategic merger of bulk operations brings huge advantages for both partners because by combining our efforts we can now offer a unified market presence and a broad range of services. We are open to other partners joining," commented Dr Michael Silies, CEO of Ahrenkiel Steamship and Director of the new joint venture AVB.

    Jens-Michael Arndt, Managing Partner of the H. Vogemann Group, added: "In today's difficult market environment close cooperation among partners is crucial. By pooling the partners' capacities we are boosting our competitiveness in the technical management of bulk carriers and have plans to expand this area further over the coming months."

    About Ahrenkiel Steamship:
    The Hamburg shipping company Ahrenkiel Steamship GmbH & Co. KG offers commercial and technical management for container ships and bulk carriers, with the focus on the medium size category. Technical management activities are conducted under the brand name Ahrenkiel Steamship. Chartering and operational management are handled by CONTCHART Hamburg Leer GmbH & Co. KG, a subsidiary of Ahrenkiel Steamship. Ahrenkiel Steamship has been part of the Hamburg-based MPC Capital Group since March 2015.

    About the H. Vogemann Group:
    The H. Vogemann Group, established in 1886, is among the oldest shipping companies in Germany. Since 2007 H. Vogemann has been operating internal revenue pools in a variety of size categories in the bulk carrier sector, drawing to good effect on the extensive chartering expertise that is available within the group: H. Vogemann currently has 15 chartering brokers, making it one of Germany's largest chartering brokers for dry bulk, and it enjoys a well-established market presence that stretches back many decades.


2019 May 19

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13:32 Hapag-Lloyd to restructure its Service Portfolio to/from Caribbean, Central America and SAWC
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2019 May 18

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2019 May 17

18:22 Maersk launches new CLX service, optimized West Coast Latin America - NE network
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16:40 MPC Capital AG announces key figures for the 1st quarter 2019
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14:49 Marine Rescue Service takes delivery of Bakhtemir, lead ship in a series of four multifunctional salvage tugs of Project MPSV12
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13:58 IMO held national maritime transport policy training for Saint Kitts and Nevis
13:35 BC Ferries to implement fuel surcharge of 1.5 per cent on June 1 2019
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11:09 CMA CGM announces General Rate Restoration from Asia to West Africa
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10:09 Secretary General of IMO to outline future of ocean regulations at Nor-Shipping 2019
09:51 Port of Tallinn Group’s revenue in 1Q’19 amounted to EUR 28.5 million, profit to 11.0 million
09:32 Brent Crude futures price is up 0.33% to $72.86, Light Sweet Crude – up 0.45% to $63.15
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08:25 MABUX: Bunker market this morning, May 17

2019 May 16

18:05 RAS net profit of Russian Railways for 1Q’19 up 1.9 times YoY to RUB 17.7 billion
17:50 BPO shares Baltic experience and discusses market trends at Global Liner Shipping
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16:38 LUKOIL drills record breaking wells at D41 in the Baltic Sea
16:16 USCG, FEMA, Cal OES meet to discuss emergency response in San Francisco
15:34 Throughput of Tuapse Sea Commercial Port in 1Q’2019 grew by 8% YoY to 4.2 million tonnes
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14:17 The AEC welcomes new chair, signs MoU with Arctic Council
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13:30 Rosmorrechflot: Ambal ferry to enter the Baltijsk-Ust-Luga line till the end of the week
13:05 Shipyard De Hoop delivers cruise vessel ‘Celebrity Flora’ to Celebrity Cruises
12:44 Finland to deposit its instrument of accession to HNS Convention after major countries receiving hazardous substances accept it
12:22 Maiden call of Celebrity Edge at the Port of Southampton marked with traditional plaque & key ceremony
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11:13 Maunu Visuri appointed as President and CEO of Arctia Ltd
11:01 Long Beach Harbor Commission appoints Director of Finance
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