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.


People & Company News

MN100: MOPS Marine License Insurance

The Company: Since 1935, MOPS Marine License Insurance has defended the USCG licenses of mariners operating in every maritime sector in the United States. Its network of over 80 maritime law firms,

China Cosco Sinks into Red

Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half,

DNV GL Backs John Laing on First Offshore Wind Investment

DNV GL successfully completed its due diligence work of the offshore wind farm “Nordergründe” in the North Sea, reviewing and quantifying the technical risks of the project.

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair 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: 0.0792 sec (13 req/sec)