Marlow Navigation welcomes MPC Oceanic Group as strategic shareholder

MPC Oceanic Group AG, and the shareholders of Marlow Navigation Co. Ltd. (“Marlow”), today signed an agreement under which MPC Oceanic Group will acquire a 41% stake in Marlow. The transaction builds on a relationship between the two groups spanning more than a decade and establishes a long-term strategic partnership, while preserving Marlow’s operational independence, established brand and existing leadership.

Marlow, headquartered in Limassol, Cyprus – is a leading provider of ship management services, with a specialization on crew management and seafarer training. With more than 1,300 shore-based professionals across 13 countries and in excess of 16,000 crew serving on board vessels at any given time, the Marlow Group provides crew management services to shipowners and operators for more than 1,150 vessels trading worldwide.

MPC Oceanic Group is a Hamburg-based, publicly listed group of companies that builds, invests in and operates businesses and assets in the maritime and energy sector. The group is active in eight countries and manages and operates more than 400 vessels and energy assets.

Strategic rationale: complementary capabilities and long-term continuity MPC Oceanic Group and Marlow have a long-standing relationship and share a partnership-driven approach to maritime services. The cooperation brings together highly complementary capabilities: Marlow contributes its global scale and expertise in crew management, technical management as well as seafarer training and development, while MPC Oceanic Group provides a global network and strong track record in growing businesses in the maritime industry. Together, the companies can offer clients access to a wider set of specialist capabilities while maintaining the independence and client focus of their respective businesses.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →