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Anglo-Eastern and Univan merge to create 'industry leader' in shipmanagement sector

Anglo-Eastern and Univan merge to create 'industry leader' in shipmanagement sector
In the largest merger in the third party ship management sector two of biggest names Anglo-Eastern and Univan are coming together to form a new company with over 600 vessels under full management.

Announced late of Friday the new merged company will be known as Anglo-Eastern Univan Group. Anglo-Eastern boss Peter Cremers will be chairman of the new company, Univan chief Bjorn Hojgaard will be ceo.

In a joint statement the companies said the merger would create an “industry leader”.

“There are significant scale advantages in ship management arising from a global foot print and better career opportunities for both seafarers and shore staff which are of benefit to a ship manager’s customers, the shipowners,” the statement said.

Anglo-Eastern Univan will have 600 ships under full management, and 100 under crew management only. It will have a pool of over 24,000 seafarers and more than 1,700 shoreside staff.

Initially the companies will continue to operate as separate entities from their existing offices. “The Anglo-Eastern and Univan tanker fleets will continue to operate under their existing management and from offices in Singapore and Hong Kong,” the companies said.

It is the second time that Anglo-Eastern has been involved in consolidation in the ship management sector having taken over Denholm Shipmanagement in 2001.

The board of the new company will comprise Peter Cremers, John Denholm, Kannika Thasak, Bjorn Hojgaard, Marcel Liedts, Mark Stevenson, Richard Wong and Richard Hext.

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