U.K. shipping and transport group Crescent has unified its ownership structure. As of June 28, 2002, Crescent is wholly owned by the Bahamas-based Clipper Group. "It has been a great challenge to work with Clipper to focus and develop Crescent after its separation from the Hays transport group. Crescent to benefit from the backing which only a major group like Clipper can provide," says Hutch Wright, who is stepping down as Crescent CEO. and now to take over the company completely. sectors.