Barber Ship Management News

Wilhelmsen Ship Management and MPC Capital jointly acquire 100 % of Zeaborn Ship ManagementWilhelmsen Ship Management (Wilhelmsen) and MPC Capital have agreed to acquire 100% of the company Zeaborn Ship Management, which the acquiring companis position as the next milestone in the partnership between MPC Capital and Wilhelmsen and their ship management joint venture Wilhelmsen Ahrenkiel Ship Management and tanker specialist Barber Ship Management.Zeaborn manages a fleet of around 100 vessels…

Wilhelmsen Ship Management signed a deal to acquire a majority stake in Hamburg-based Ahrenkiel Tankers, resulting in Wilhelmsen Ship Management taking over the management of five tankers and gaining 80% ownership of Ahrenkiel Tankers. The remaining 20% is held by existing owners MPC Capital Group. Ahrenkiel Tankers will be rebranded as Barber Ship Management.It marks the first step by Wilhelmsen Ship Management after its earlier decision to re-enter the tanker segment following a decade-long absence…

So where do you turn when you would like to start your own ship management company, but you need a million dollars and the worst financial crisis of a lifetime has rendered traditional sources moot? In the case of Dubai, UAE-based Noah Ship Management’s Svein Elof Pedersen and Thomas Chacko Arakal, the core tenants of the real estate business – Location, Location, Location – applied to their vision of creating a small, efficient ship management company. “The banks would not even let us in” the front door, said Pedersen.

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.

Oceanwide, the leading international employment agency in the maritime field, announced today the acquisition of Norsk Bemanning AS from Barber Ship Management, a company within the Barber Group. With this acquisition OceanWide adds another subsidiary office to its already fast network of worldwide employment offices. The new subsidiary will operate under the name Oceanwide Norway AS. Norsk Bemanning is the crewing company of Barber Ship Management for their pool of Norwegian Officers. The total crew managed by Norsk Bemanning covers about 400 people. The existing office staff of 9 people will be transferred to Oceanwide Norway and the crew will remain employed by Barber Ship Management.The crew sails on board almost every type and size of vessel within the Barber Group…

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.

This past November, the GMD Group performed emergency repairs to Evergreen's 46,411-gt containership M/V Ever Goods, when its rudder failed in one of the busiest shipping lanes in the world — midway between New York and New Jersey, underneath the Verrazano-Narrows Bridge. Rather than pay anywhere between five and six million dollars to tow the broken vessel to its homeport in Japan, the owners opted to call on GMD's Bayonne Drydock & Repair, which was conveniently located just a few miles from the bridge. Originally the plan called for the fabrication of a new rudder stock, but when GMD located a never-before used tailshaft with ABS certification papers in San Francisco, Calif. those plans were quick to change.