V.Group acquisition of Bibby Ship Management extends their market leading position to the offshore sector
V.Ships announced the acquisition of Bibby Ship Management, part of the Bibby Line Group. With an established track record Bibby Ship Management has a particular strength in the management of offshore vessels with blue-chip clients. The development points to further consolidation within the shipmanagement sector, driven by a desire to grab market share.
This is a significant step forward for V.Ships’ business – combining expertise and excellence from both businesses to strengthen the outsourcing proposition for our offshore and marine clients. The acquisition will see V.Ships welcome 332 employees from locations across the UK, Isle of Man, Sweden, Ukraine, India, Philippines and Singapore.
Bibby Ship Management services all types of vessels providing:
- Extensive crew management solutions
- Technical support services
- Marine travel
- Marine surveying
- Training and recruitment services.
Clive Richardson, V.Group Chief Executive Officer says: “We are delighted to welcome Bibby Ship Management to V.Group. With the extensive expertise of the Bibby Ship Management team, our ability to offer comprehensive management and support services to offshore oil and gas assets and specialised project vessels is second to none. We believe our combined capabilities offer a compelling outsourcing proposition to our clients, helping optimise operating and budgetary performance for ship owners.”
August last year saw the merger of two sizeable Hong Kong-based players, Anglo Eastern and Univan, bringing together a combined fleet of some 700 vessels under full management or crew management.
Bibby itself signed an alliance pact in 2014 with Singapore-based United Ship Management, designed to take advantage of growing opportunities in China.
Bibby Ship Management was founded in 1982, although Bibby Line dates back to the historic heyday of British shipping.