Crescent Focuses on Tankers and Ferries

Wednesday, February 06, 2002
U.K. shipping and transport group Crescent PLC has focused its operations on short sea tanker and freight ferry operations. "Following our strategic plan to move out of owning tonnage in the short sea dry bulk sector, we are happy to have completed the sale of nine vessels over the last year," says Kevin Hobbs, Crescent group operations director. "That has cleared the way for us to focus on the two sectors where we can add value. That is our high-intensity coastal tanker fleet and our freight ferry operations." "We are now in a strong position to expand, and having moved out of what we consider a sector with less promise, we are now actively researching opportunities in coastal tanker and ferry trades," says Hobbs.
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Lithuania Looks to U.S. for Gas

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia.

Petrobras Denies Hiring JPMorgan for License Sales

PetrĂ³leo Brasileiro SA denied on Friday that it has hired JPMorgan Chase & Co to handle the sale of oil exploration licenses in deep-sea areas off the coast this year.

Asia-Europe Container Freight Rates Fell 6.5 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.5 percent to $938 per 20-foot container (TEU) in the week ended Friday,

 
 
Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.3351 sec (3 req/sec)