Rhenus Acquires Majority Stake in Arkon Shipping & Projects

Rhenus Maritime Services, a European freight forwarder and shipping company for short-sea traffic, has acquired 60 percent of the shares in the ship and project cargo manager Arkon Shipping & Projects in March. With this investment in Arkon, Rhenus strengthens its project and heavy cargo business.

(Bremen/Hamburg) Rhenus Maritime Services will henceforth operate Arkon Shipping & Projects under the new name RMS Projects in collaboration with co-founder and managing director Thomas Cord, who retains the remaining 40 percent of the shares. Rhenus Maritime Services acquires its 60 percent stake from the former second managing director Torsten Westphal. With the change of shareholders and the new name RMS Projects, the company headquarters will also be relocated from Haren an der Ems to Hamburg.

Already collaborated on several projects

The new managing director alongside Thomas Cord will be Thomas Ullrich, managing director of Rhenus Maritime Services. “Rhenus and Arkon Shipping & Projects have already collaborated on several projects, and we see great potential to further expand this partnership in the area of project transport and bulk chartering,” says Thomas Ullrich. “However, we will also continue to operate not only for Rhenus but as brokers for a variety of clients, running a Central Chartering Desk in the project and heavy cargo segment,” adds co-managing director Thomas Cord. Additionally, RMS Projects is acting as Commercial Manager for a fleet of 20 multi-purpose heavy cargo vessels.
Photo: © Reederei Jüngerhans / Image caption: Rhenus Maritime Services has acquired the majority stake in Arkon Shipping & Projects