ShippingWatch

Arkon Shipping bags capital from new major shareholder

Logistics group Rhenus has bought 40 percent of German shortsea and MPP carrier Arkon Shipping, and the two are establishing a joint investment unit.

Photo: Hamborg Havn

German multipurpose and shortsea carrier Arkon Shipping, which operates a fleet of more than 120 vessels, has gotten a new major shareholder in the form of logistics group Rhenus, which is acquiring a 40 percent stake in Arkon.

"During times of general consolidation in the shipping world, the formation of industrial partnerships makes sense and is a beneficial step," says Torsten Westphal, managing partner of Arkon Shipping, in a press release.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs