Craig Group Sells Shipping Business
Family-owned Craig Group, of Aberdeen, has sold its core North Star Shipping business to international investors Basalt Infrastructure Partners in a move described as “restructuring for a new era”. "North Star Shipping has been acquired by Basalt Infrastructure Partners. The existing senior management team, staff and crew of North Star will remain with North Star, under the new owners," said a press release from the company. "The opportunity arose to secure the long-term future of North Star Shipping under new ownership who could bring even more opportunity for further investment and growth.
Prosperity Marks Craig Group's Anniversary Year
Aberdeen head-quartered global shipping and energy services firm, Craig Group, has marked its 80th anniversary with strong performance as it lodges its accounts at Companies House. The privately owned, family-run business, now employing the fourth generation of the Craig family, has reported turnover of £146.8 million with operating profits of £17.4 million for the year ending 30 April 2013. These are up on the previous year when turnover was £123.3 million and profits were £15.2 million.
Craig Group Invests £70M in Six Newbuilds
Family-owned shipping and energy services firm, Craig Group, today announced the investment of £70 million to build six new rescue vessels at the Balenciaga Shipyard in Northern Spain. Four D class IMT 950 Emergency Response and Rescue Vessels (ERRVs) and two F class IMT 958 ERRVs will be delivered during 2014 and early 2016, replacing existing tonnage in the fleet. Douglas Craig, Chairman and Managing Director of Craig Group, said, “This significant investment is part of our continued drive to operate the largest and most modern wholly British owned fleet engaged in the U.K.
Craig Group Launches New PSV
Family owned shipping firm The Craig Group launched its latest Platform Supply Vessel (PSV), the Grampian Sceptre this week at the Balenciaga Shipyard in Northern Spain. The vessel was officially christened by Mrs. Frances Murray, wife of Alistair Murray, Logistics Team Lead at Talisman Sinopec Energy U.K. Ltd. Craig Group committed £50M to the construction of this vessel, and it’ sister vessel the Grampian Sovereign. The vessels are the largest ever built by Craig Group and both have secured long term contracts with Talisman Sinopec Energy U.K. Limited.
Craig Group Launch Largest Ever PSV
Launch of an S-class Platform Supply Vessel (PSV) at Balenciaga Shipyard in Northern Spain for the Craig Group. The Craig Group has committed £50-million to the construction of the vessel, Grampian Sovereign, and its sister ship, Grampian Sceptre. Managed by The Craig Group division North Star Shipping, the two IMT-982 designed vessels will also create 50 new jobs for the Aberdeen based company. Going on long term charter in 2013 in the North Sea, the vessel represents a continued…
Craig Group Predicts Strong 2013 Growth
Aberdeen (Scotland) based global shipping and energy services firm, Craig Group, has announced healthy results for the year ending April 2012. The privately owned, family-run business has reported turnover of £123.3 million with operating profits of £14.8 million. This is an increase on their 2011 turnover of £11.4 million and a £1.7 million increase on operating profit from the same time period. EBITDA has risen from £19.1million in 2011 to £21.3millionin 2012. The group, whose core activities are the provision of offshore support…
Spanish Shipyard Launches Grampian Defiance
The last in the series of new D class Emergency Response and Rescue Vessels (ERRVs), commissioned by Craig Group in a $55m investment programme, has been launched. The Grampian Defiance, the last of four new-build emergency rescue and response vessels (ERRVs) which will be managed by Craig Group division North Star Shipping, was launched today at Balenciaga Shipyard in Northern Spain. The new ERRVs – named the Grampian Don, the Grampian Dee, the Grampian Discovery and the Grampian…
Craig Group Invests $79m in New Vessels
North Star Shipping, a division of the family-owned global shipping and energy services firm The Craig Group, has been awarded a major new contract with Talisman Energy (UK) Ltd. Under the contract the company, which provides offshore support vessels to the industry, will build two new platform supply vessels to support Talisman Energy’s North Sea Operations. The contract, which is for five years with multiple options thereafter, will create 50 new jobs and represents a further $79m investment by The Craig Group in its fleet.