The Rhenus Group, through its shortsea subsidiary Rhenus Maritime Services (RMS), has bought a majority stake of sixty per cent in the Hamburg-based shipbroker Arkon Shipping & Projects. The shares were purchased from Arkon Shipping.
As a result of the deal, Arkon Shipping & Projects will be rebranded as RMS Projects. The selling party, Arkon Shipping, will in the future focus entirely on shortsea transport and the chartering of small container vessels.
RMS Projects will be led by Arkon founder Thomas Cord and RMS director Thomas Ullrich who will work closely with RMS’s sister company, the freight forwarder Rhenus Project Logistics (RPL). For this business unit, cargo space is already being secured but Rhenus would like to scale up these activities.
For its heavy transport activities, RMS Projects has an exclusive partnership with the German shipping company Jüngerhans. Through the takeover, Rhenus also wants to expand the activities in this niche.
Arkon and Rhenus did not provide financial details of the takeover.
This article first appeared on Project Cargo Journal, which is another publication of SWZ|Maritime’s publishing partner Promedia.