V.Ships Acquire AMA

Friday, January 18, 2002
V.Ships announces they have acquired the services of Associated Marine Adjusters Ltd., (AMA) Piraeus in a deal which increases the group's involvement in average adjusting and marine insurance claims consultancy, and strengthens V.Ships' commitment to the Greek market.

The acquisition reflects V.Ships strategy to position itself as a global marine services provider, offering a full portfolio of services to the marine industry including technical management, crewing, commercial, financial, ship agency, consulting and leisure management services. AMA will now work alongside V.Ships' existing average adjusting company, Vanguard Adjusting Company Limited. In announcing the deal, Andrew Hamilton, MD of Vanguard commented: "AMA will considerably strengthen the group's existing average adjusting capability and complement Vanguard's existing operations in London, and Singapore where our office was opened by Keith Dower in September."

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