Awilco Containers – Newest Player in the Market

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The container shipping industry just expanded to make room for brand new player, Awilco AS.

The newest entrant hails from Oslo and debuted as a non-vessel operating owner, taking 4 classic panamaxes, AS Magnolia, AS Mariella and AS Mariana of 4,380 TEU and 4,250 TEU AS Morgana. The vessels are on charter with Maersk Line.

The company’s data states that company has bought four containerships as of September 11. Additionally, the company has 50 percent ownership in two more containerships, the 4250 TEU Zim Alabama and Zim Texas.

Awilco is the shipping and offshore arm of Oslo-based Awilhelmsen, a private investment company that holds interests in shipping, cruise, real estate, retail and financial investment sectors. Awilco Containers joins Awilco Eco Tankers Holding AS,  Awilco LNG ASA, Awilco Drilling and Awilco Technical Services AS, which are part of Awilco AS.