Frankfurt-listed MPC Oceanic Group acquires a stake in Limassol-based Marlow Navigation – An agreement laying the groundwork for a long-term strategic partnership MPC Oceanic Group has reached an agreement to acquire a 41% stake in Limassol-based Marlow Navigation, as part of a strategic partnership aimed at strengthening both groups' operations within the international shipping sector. A statement from Marlow Navigation notes that the transaction builds upon a collaborative relationship spanning more than 10 years, establishing the foundation for a long-term strategic partnership. As highlighted in the announcement, Marlow Navigation will retain its operational independence, its established brand name, and its existing management team. According to a stock exchange filing by Castor Maritime (a major shareholder in MPC Oceanic), the total consideration for the acquisition of the 41% stake in Marlow Navigation amounts to approximately $126 million. Of this amount, approximately $97 million will be paid in cash, while the remaining $29 million will be covered through the issuance of new shares in MPC Oceanic Group to Marlow’s existing shareholders, as part of a capital increase. Upon completion of the capital increase, Marlow’s existing shareholders are expected to acquire an equity stake of approximately 9% in MPC Oceanic Group. The transaction is expected to close in early 2027. Headquartered in Limassol and established in 1982, Marlow Navigation is a leading provider of ship management services, specializing in crew management and seafarer training. With over 1,300 shore-based professionals across 13 countries and more than 16,000 crew members serving on board vessels at any given time, the company provides crew management services to shipowners and managers for over 1,150 vessels operating globally. Founded in 1994 and headquartered in Hamburg, Germany, MPC Oceanic Group AG is listed on the Frankfurt Stock Exchange and operates within the shipping and energy sectors. It provides comprehensive services across the entire value chain—from investments and asset management to the commercial and technical management of vessels, as well as the provision of technology-based solutions. It employs approximately 280 people across eight countries and manages and operates more than 400 vessels and energy assets. MPC Oceanic is a subsidiary of Castor Maritime Inc., which holds a majority stake in the company. The founder and Chairman of Castor Maritime Inc. is the Greek shipowner Petros G. Panagiotidis.Marlow Navigation
MPC Oceanic Group AG
