V.Group acquires Graig Ship Management to strengthen dry bulk capability in China and Western Europe
V.Group has acquired Graig Ship Management Ltd, part of Graig Shipping PLC, which has developed a reputation for high quality new build supervision and ship management of dry bulk vessels, the company announces in its press release.
This reputation, which has its roots as part of Graig Shipping PLC’s 100 year history and is supported by a global maritime workforce, has grown steadily over the past 25 years despite market challenges. This growth is testament to Graig Ship Management’s ability to offer competitive, high quality solutions to its clients.
Graig Ship Management will continue to operate independently within the V.Group portfolio, supported by V.Group’s global presence and broad service offering. V.Group will enhance its growing ship management capability in Asia as well as benefiting from Graig Ship Management’s strong relationships with Western owners, banks and institutional investors seeking highest quality, boutique and risk managed services.
Graig Shipping PLC will now focus on core activities where it has strategic leadership including developing, financing, and executing innovative shipping investment opportunities and structures independently and through collaboration. Through this transaction, V.Group and Graig Shipping PLC will form a close, complementary partnership to provide an integrated service covering investment, ownership, ship management, and supervision.