BASS Acquired by Management from Wilh.Wilhelmsen

Friday, November 11, 2005
BASS has secured ownership of BASS (Hong Kong) Ltd. from former parent-company, Wilhelmsen Maritime Services (WMS). The BASS management team used additional financing to complete the agreement, which includes the company's controlling interest (34 percent) in Star Information Systems, a maritime software provider based in Norway. In addition, BASS will continue to provide Barber Ship Management, a unit of WMS, with fleet management software, which accounts for 20 per cent of BASS' annual turnover. The two companies have recently agreed on a four year contract for software and services to support Barber Ship Management in the highly competitive ship-management market. According to BASS' managing director Per Steinar Upsaker, the management team approached WMS following the company's acquisition of Unitor earlier this year. "WMS' efforts to re-focus their business on core services gave us the opportunity to put an offer together to buy the company," he says. "We have great confidence in BASS' future, and are very pleased they accepted." Dag Schjerven, President & CEO of WMS says the two companies will continue to work together.

In the past two years, BASS has redeveloped major parts of its product suite on the Microsoft.Net platform.

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Aegean Marine Profit Beats Estimates

Greece-based Aegean Marine Petroleum Network Inc. (ANW) reported first-quarter earnings of $12.2 million or $0.25 per share compared with $5.1 million or $0.11 per share last year.

Shreyas Shipping Turns Around

Shreyas Shipping and Logistics swung to a net profit of Rs. 61.75 crore (about $9.6 million) in the fiscal year ended March 31, a big turnaround from its loss of Rs.

New EU Shipping CO2 Monitoring System

According to a new EU regulation, ship operators will be required to monitor, report and verify (MRV) CO2 emissions.     José Inácio Faria, Member, Group of

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion 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: 0.1132 sec (9 req/sec)