Zech Maritime Holding confirmed that it has agreed to sell its interests in Zeaborn Ship Management to Wilhelmsen Ship Management and MPC Capital.
The deal sees Zech Maritime Holding divests itself of its entire maritime services division. The company sold its commercial management operations for container vessels in July 2023.
Commenting on the deal, Holger Strack, managing director of Zech Maritime Holding, said: “While it’s never easy to divest a well-performing company, this transaction makes sense for all parties involved: for us, the purchasers and our staff. With the combined fleet, Wilhelmsen Ship Management and MPC Capital will be able to jointly achieve significant economies of scale in the area of third-party technical ship management. At the same time, we are delighted to have found buyers with a long-term vision in both Wilhelmsen Ship Management and MPC Capital.”
Going forwards, Zech Maritime Holding said that it will focus on the expansion of its maritime operations division (which includes its activities with United Heavy Lift), maritime assets and maritime investments. United Heavy Lift expects to receive an additional two F900 multi-purpose newbuildings in early 2024, expanding its fleet to 19 vessels.
In January 2021, United Heavy Lift established a joint venture with the Gustav Zech Fund and time chartered 17 of the fund’s F900 Eco-Lifters for a 14-year duration.
