Wilhelmsen Ship Mngmt Sells ITM to V.Ships

Wednesday, February 04, 2009

Wilhelmsen Ship Management (WSM) sold its affiliated company International Tanker Management (ITM) to V.Ships.

International Tanker Management is based in Dubai, with offices in Hamburg, Germany, Singapore, and Houston, USA. ITM has approximately 45 vessels on technical management, from VLCCs to chemical tankers. The company was founded in 1998 as an affiliated company of Wilhelmsen Ship Management (formerly Barber Ship Management).
EC Hambro Rabben & Partners acted as corporate finance advisor to Wilhelmsen Ship Management in this sale process.

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