MPC Capital takes stake in Wilhelmsen vessel performance management platform

German asset and investment manager MPC Capital has bought into Norwegian maritime group Wilhelmsen’s performance management firm BestShip.

The Castor Maritime majority-owned Frankfurt-listed company has acquired a 50% stake for an undisclosed sum.

The deal expands MPC Capital’s maritime services and reinforces its growth in energy transition-related activities, the company said Monday.

BestShip offers data-driven assessments of vessels and entire fleets regarding energy efficiency and emission reduction requirements and advises on the necessary conversion or retrofit measures. The Hamburg-based company with some 20 employees provides services to around 450 vessels.

Christian Rychly, managing director of shipping at MPC Capital, said: “In a time defined by stringent regulation and the pursuit of operational excellence, maritime operators face numerous challenges in maintaining compliance while maximising performance. The complexities of global shipping are compounded by the need to adhere to environmental regulations, monitor vessel performance, and adapt to technological advancements. BestShip has introduced a comprehensive suite of services designed to meet these challenges.”