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.
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