MPC Oceanic Group has agreed to acquire a 41% stake in Cyprus-based Marlow Navigation, the companies said on 4 November 2026, in a deal worth about US$126m in cash and new shares.
Why MPC Oceanic Group AG is buying Marlow Navigation Co. Ltd. (41% stake)
MPC Oceanic said the deal adds a leading global crewing platform and operational expertise to its maritime services business, while Marlow said the partnership supports a generational transition and gives it access to investment capacity, digital and AI capabilities and capital-markets expertise. The two groups said they had worked together for more than a decade and plan joint investment in technology, talent and training.
“Our investment is a long-term commitment to Marlow as an independent crew and ship manager, and to its mission to develop the seafarers the industry needs.”
Deal terms and financing
The consideration of approximately US$126m consists of about US$97m in cash and about US$29m in newly issued MPC Oceanic shares, which will give Marlow's existing shareholders a strategic holding of about 9% in MPC Oceanic. Marlow's shareholders will retain majority ownership, and Marlow will keep its brand, independence and leadership team.
Regulatory approvals and timing
Closing is expected in early 2027, subject to regulatory and antitrust approvals and customary conditions.
Market context
Marlow employs more than 1,300 shore-based staff in 13 countries and has more than 16,000 seafarers on board vessels at any one time. MPC Oceanic, which adopted its current name in September 2026 and is listed in the Scale segment of the Frankfurt Stock Exchange, manages and operates more than 400 vessels and energy assets and already owns Wilhelmsen Ahrenkiel Ship Management.
