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V.Group extends market leading position to offshore sector with acquisition of Bibby Ship Management.

Press Release   •   Mar 08, 2016 07:00 GMT

V.Group has acquired Bibby Ship Management, part of the Bibby Line Group, which has an established track record for providing high quality, safe and reliable ship management and support services to blue-chip clients.

Bibby Ship Management services all types of vessels and has particular strengths in the management of offshore vessels. It also provides extensive crew management solutions, technical support services, marine travel, marine surveying, training and recruitment services.

With 332 personnel in the UK, Isle of Man, Sweden, Ukraine, India, Philippines and Singapore, Bibby Ship Management complements V.Group’s expertise in vessel management and support services across all vessel types.

The combination of Bibby Ship Management with V.Group strengthens V.Group’s overall position as market leader in ship management and maritime services by also extending its market leading position in the offshore market.

As a result, this acquisition gives the combined customer base access to the most extensive management capabilities across all sectors, at a crucial time when ship owners and operators are facing unprecedented challenges and are exploring strategic options for the management of their fleets.

“With the extensive expertise of the Bibby Ship Management team, our ability to offer comprehensive management and support services to offshore oil and gas assets and specialised project vessels is second to none. We believe our combined capabilities offer a compelling outsourcing proposition to our clients, helping optimise operating and budgetary performance for ship owners. We deliver a higher performance assurance, through integrating a wider range of services in support of the management offering,” said Clive Richardson, V.Group chief executive officer.

“Bibby Line Group has built its reputation as a high quality, safe and reliable ship owner and manager over 200 years’ of trading in the most competitive and dynamic markets in the world. We set up our ship management business in 1982 and we are now involved in managing vessels for many well-known multinational companies. By combining Bibby Ship Management’s operations, people and expertise with V.Group’s, we believe that our clients, as well as our own vessels, will continue to receive a high quality, personal service for years to come,” commented Sir Michael J Bibby, managing director, Bibby Line Group.

V.Group is the leading global marine and offshore vessel management and support services provider. With over 2,500 personnel based across 64 offices globally, supporting over 40,000 personnel in marine and offshore roles, V.Group offers the broadest range of offshore and technical services in the marine market with an extensive portfolio of offshore vessels under management. This includes platform supply vessels, dive support vessels, pipe layers, dynamic positioning shuttle tankers, floating production storage and offloading (FPSO) units, drill ships, subsea construction vessels and accommodation barges.

V.Group also has a sizeable fleet of offshore supply vessels (OSVs) and anchor handling tugs, and supply vessels (AHTS) under full technical management or in lay-up management across global offshore regions.– www.vgrouplimited.com

Bibby Line Group is a diverse and forward-looking family business with over 200 years’ experience of providing personal, responsive and flexible customer solutions. It is one of the longest established family-owned companies in the UK. From its roots in shipping Bibby has grown into an £1.7bn business, operating in more than 20 countries, employing6,500 people in industries including shipping, marine based businesses, offshore, finance, distribution and retail. - www.bibbylinegroup.co.uk

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