Ship management merger
The largest ever merger of independent, third party ship management companies has been completed by Anglo-Eastern Ship Management Group and Univan Ship Management Group, advised by Clyde & Co.
The merged entity is to be known as the Anglo-Eastern Univan Group. With Anglo-Eastern having already placed in the top three global ship management companies, the merger has created an industry leader with over 1,700 shore-based staff, 24,000 seafarers, 600 ships under full management, and 100 ships under crew management only.
“It was a pleasure assisting long standing client Anglo-Eastern on this significant and strategic industry development”, said Kevin Martin, corporate counsel.
“We were privileged to be a part of this transformative merger and firmly believe that the Anglo-Eastern Univan Group will be a leading force in the market for many years to come,” added Conor Warde, finance partner.
Clyde & Co’s corporate and commercial team in Hong Kong led the transaction.
By Rachael Doyle
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