Germany-based Rhenus Group has made an undisclosed investment to increase its share in Arkon Shipping Group by 40%.

The increase has paved the way for the establishment of Rhenus-ARKON-Shipinvest, a joint investment company that will expand the fleet of vessels being commercially managed by Arkon.

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Arkon currently manages a fleet of more than 120 sea-going vessels and specialises in European coastal and container feeder services, as well as global heavy lift and project shipping.

The company also provides chartering, pool and information technology (IT) solutions, project development work, financial and dockyard contacts across Europe and the Far East.

Rhenus Group port logistics management team member Thomas Maassen said: “European short-sea shipping is part of the range of services provided by Rhenus.

“We’ve been able to gain a partner in the shape of Arkon to significantly expand this service and make it more flexible.

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"We’ve been able to gain a partner in the shape of Arkon to significantly expand our European short-sea shipping service and make it more flexible."

“Arkon’s experience in forming shipping pools has made the company one of the market leaders in European short-sea shipping. We want to jointly consolidate this position.”

The company currently provides logistics services and has business sites at more than 500 locations worldwide. It further acts as purchase and sales shipping broker.

Arkon Shipping managing partner Torsten Westphal said: “During times of general consolidation in the shipping world, Industry 4.0, increasing digitalisation and the endemic paradigm shift, where shipping is once again becoming part of an industrial supply chain, the formation of industrial partnerships makes sense and is a beneficial step.”

Torsten Westphal and ship owners Herm and Stefan Jüngerhans and Gerd Wessels also each have a 20% share in Arkon Shipping.

Image: A vessel at sea. Photo: courtesy of Hafen Hamburg Marketing EV.