Norway-based ship management services firm Osm Maritime Group and Thome Group have agreed to a merger to create a ship management company, which will be named OSM Thome.

With the merger, the two firms intend to strengthen their platform to deliver ‘world-class’ ship management services to their customers.

OSM Maritime Group CEO Finn Amund Norbye said: “With our emphasis on safe and efficient operations, as well as innovation, our ambition is to make the combined company even more relevant and attractive to customers, employees and seafarers.

“Our companies are a good match in terms of expertise and capacity, and we share a common agenda on important areas such as digitalisation, cyber security and green shipping.”

Upon completion of the merger, the combined entity’s headquarters will be located in Arendal, Norway. Its technical management hubs will be maintained in Singapore and Europe.

Thome Group CEO Olav Nortun said: “Together, the two companies have a total of 31,000 employees, whereof 2,000 onshore in 22 countries, representing a diversity of expertise and experience.

“We operate across all the world’s oceans, and the efforts of our 29,000 seafarers are key for the position we have gained within international shipping.”

The two firms currently manage 1,000 ships, of which 450 vessels are under full technical management while 550 ships are under crew management.

Norbye will serve as CEO of the new, merged company, and Nortun will act as COO for the consolidated ship management activities.

The merger is subject to approval from competition and other relevant authorities.