Global maritime service provider V.Group has bought Bibby Ship Management, which is a part of Bibby Line Group and provides ship management and support services to blue-chip clients, for an undisclosed sum.
Claimed to provide services to all kinds of vessels, Bibby Ship Management also offers services to offshore vessels, as well as crew management solutions, technical support services, marine travel, marine surveying, training and recruitment services.
Currently, Bibby Ship Management employs 332 personnel in the UK, Isle of Man, Sweden, Ukraine, India, Philippines and Singapore.
With the acquisition, V.Group aims to reinforce its position in the ship management and maritime services, as well as offshore markets.
Besides, the acquisition allows V.Group to have a combined customer base access to great management capacities across all sectors against the backdrop of a current scenario where ship owners and operators are facing extreme challenges and are searching for strategic options to manage their fleets.
V.Group chief executive officer Clive Richardson said: "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.
"We deliver a higher performance assurance, through integrating a wider range of services in support of the management offering."
Apart from providing offshore and technical services in the marine market, the company delivers vessels, dive support vessels, pipe layers, dynamic positioning shuttle tankers, floating production storage and offloading (FPSO) units, drill ships, subsea construction vessels and accommodation barges.
Currently, it employs more than 2,500 personnel across 64 offices throughout the world, supporting more than 40,000 people in marine and offshore sectors.
Bibby Line Group managing director Michael J Bibby said: "Bibby Line Group has built its reputation as a high quality, safe and reliable ship owner and manager over 200 years’ of trading in the most competitive and dynamic markets in the world.
"We set up our ship management business in 1982 and we are now involved in managing vessels for many well-known multinational companies.
"By combining Bibby Ship Management’s operations, people and expertise with V.Group’s, we believe that our clients, as well as our own vessels, will continue to receive a high quality, personal service for years to come."