Arctic Directory: Crowley acquires international ship management company

Crowley Maritime Corp. announced that it has acquired majority ownership of Accord Ship Management (HK) Ltd. and Accord Marine Management Pvt. Ltd. The Accord acquisition will be managed by Crowley’s ship management group, which provides all phases of commercial ship management along with full technical management and government contracting. It will immediately increase the size and scope of Crowley’s technical ship management group while supporting the company’s expansion into the international ship management market with a foreign crewing presence. The acquisition also makes Crowley a rare U.S. company - one that provides third-party international crewing and technical ship management.

With offices in Hong Kong, India, and the Netherlands, Accord currently manages 23 vessels. The company employs 55 people who work collaboratively to realize the company’s vision of being a globally competitive shipping company, offering cost effective management solutions with a commitment to customer satisfaction.

Accord provides Crowley with both an immediate international book of business and an established and respected entry into the international ship management market. The company also offers Crowley the opportunity to provide additional and more regionalized support to its worldwide operations, including its solutions, liner, logistics, petroleum services and Titan Salvage groups. This acquisition will result in a combined fleet of more than 60 vessels managed for third-party owners.

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