Maritime company Wilhelmsen has sold half of BestShip to asset manager MPC Capital for an unspecified amount.

Hamburg-based BestShip provides services to around 450 vessels, catering to owners, charterers and ship managers.

Infrastructure investor and projects manager MPC Capital said the acquisition of the 50% stake in BestShip expands its β€œmaritime services and reinforces its growth in energy transition-related activities”.

Christian Rychly, MD for shipping at MPC Capital, said: β€œIn a time defined by stringent regulation and the pursuit of operational excellence, maritime operators face numerous challenges in maintaining compliance while maximizing performance.

β€œThe complexities of global shipping are compounded by the need to adhere to environmental regulations, monitor vessel performance, and adapt to technological advancements.”

To read the latest ΒιΆΉΣ³»­ Real Assets magazine click here.