Crescent Unifies Ownership

Monday, July 01, 2002
U.K. shipping and transport group Crescent has unified its ownership structure. As of June 28, 2002, Crescent is wholly owned by the Bahamas-based Clipper Group. "It has been a great challenge to work with Clipper to focus and develop Crescent after its separation from the Hays transport group. It is a good time now for me to move on to new entrepreneurial challenges, and for Crescent to benefit from the backing which only a major group like Clipper can provide," says Hutch Wright, who is stepping down as Crescent CEO. Torben G Jensen, chairman and CEO of the Clipper Group, says, "We believe that Crescent offers opportunities for growth in interesting sectors, and we are happy to have had the opportunity first to develop it with Hutch Wright, and now to take over the company completely. We will be active owners, and you can expect new developments." Kevin Hobbs, Crescent's newly appointed chief executive, says, "With the single-minded backing of Clipper we can focus on developing our two core sectors. Those are our high-intensity coastal tanker fleet and our freight ferry operations, and we are actively working on new projects in both areas."
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Woman Medevaced from Cruise Ship off SouthWest Pass

The Coast Guard medevaced a 50-year-old woman from a cruise ship 225 miles southeast of Southwest Pass, Saturday. Watchstanders at Coast Guard District 8 received a call at approximately 9 a.

Demands for Icebreaker Tours Spiral

Plans to terminate commercial tours to the North Pole on the nuclear-powered icebreakers of the Atomflot company in 2016 have surged the demand for these tours.

New Chair for Townsville Port

The Palaszczuk Government has appointed one of Queensland’s most respected businesswomen, Renita Garard as the new Chair of the Port of Townsville. In a statement released earlier today,


USS Porter Hosts Career Day

The Arleigh Burke-class guided-missile destroyer USS Porter (DDG 78) hosted a group of 9th and 10th grade students from the International School of Vlore, Albania

Transas Support for Philippines MET

The rapid growth and development of the Philippine maritime training market caused a dramatic increase in demand for state-of-the-art simulation systems compliant

Four CMA Cadets Awarded Crowley Scholarships

Four California Maritime Academy (CMA) cadets were awarded Thomas B. Crowley Sr. Memorial scholarships from the Crowley Maritime Corporation. The scholarships

Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1104 sec (9 req/sec)