A summer acquisition for V.Group
The holding company of V.Ships took over Graig Ship Management in August
Last August V.Group acquired Graig Ship Management, part of the UK-based Graig Shipping - which will now concentrate on its core activities of ship finance and investments - in an effort to strengthen dry bulk capability in China and Western Europe.
The London-based marine and offshore vessel management and support services provider expects to benefit from Graig Ship Management’s strong relationships with western owners, banks and institutional investors. Through this transaction, V.Group and Graig Shipping intend to form “a close, complementary partnership” to provide an integrated service covering investment, ownership, ship management, and supervision. “As the industry continues to develop, scale will be critical to underpin ever more efficient service delivery and to enable the technology investments required to drive a step change in outcomes for our customers. By joining V.Group’s portfolio of ship management businesses, Graig Ship Management will be able to build upon its core service offering while drawing on the scale resources of the wider V.Group. For V.Group, this acquisition represents an opportunity to strengthen our marine services offerings to clients within Asia and the West, with a particular focus on dry bulk,” Hanne Sorensen, V.Group Interim CEO, said.
“Operating within the V.Group portfolio, we will be supported by the global footprint, the scale and investment needed to continue to provide an enhanced service, while retaining our core values. Graig Ship Management’s fleets already benefit from V.Group’svessel management system, Shipsure, and there is good alignment on values and culture between the two companies, which will ensure continuity of service for our existing and new clients.
The transaction also offers significant long term potential for Graig Shipping PLC to cooperate in a mutually beneficial partnership under the new ownership and strategy being formulated at V.Group” stated a spokeperson for Graig Ship Management.