V-Ships

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V Group Limited
Shipping
IndustryShip Management
Founded1984
Headquarters1st Floor, 63 Queen Victoria Street, EC4N 4UA, London, UK
Number of employees
3,000 ashore/44,000 at sea
SubsidiariesVGG, Selandia Group, Acomarit, BGI, ITM[1]
Websitehttps://vgrouplimited.com/

V-Ships is a ship management company, part of V.Group Holdings Limited which is registered in Monaco but headquartered in London, England; and has over 60 offices in 30 different countries.[2] Its 51% majority shares are owned by the American equity company Advent International.[3]

V Group Limited was formed in 1984 and supplies ship management and related marine services to the global shipping industry. V.Group's core marine activities are managed by three operating divisions: Ship Management; V.Ships Leisure; and Crew Management.[4] Other divisions include the Ship Supply Chain division, Marine Services division and Offshore Division. Through its V.Ships and ITM brands, it manages a fleet of over 1,000 vessels[citation needed], a crew roster of over 26,000 and several marine technical services brands[citation needed]. The chairman of V.Group is John Pattullo and the Chief Executive Officer is Ian El-Mokadem [1]

As of December 2016, V.Group operates out of 60 international offices, managing commercial ships including bulk carriers, tankers, cruise liners and off shore vessels. It employs more than 3,000 people ashore and over 44,000 personnel in marine and offshore roles. V group and the Hong Kong-based Anglo Eastern Univan group are the two largest ship management companies in the world.[3]

In November 2016, two large ship management companies Bibby ship management and Selandia Ship Management were taken over by the V.group.

Ownership[edit]

In 2011, the Canadian investment group OMERS acquired a majority stake in V.Group, which it retained up to 2016.[5] In December 2016, the Ontario municipal workers pension fund sold 51% of the shares of the V.Group to an investment company called Advent international, thus transferring its ownership.[3] At that time, the investment company OMER group also had a majority stake in V group.[6] As of July 2018, Advent international remains the majority shareholder of V Group, with OMER investments and V groups own management team retaining minority stakes in the company.[7]

References[edit]

  1. ^ Group, V (10 October 2018). "About us". vgrouplimited.com. V Group official website.
  2. ^ "V Ships pulls out of ferry tender". BBC News. 29 January 2007. Retrieved 2009-03-07.
  3. ^ a b c "V.Group Changes Hands". The Maritime Executive. 7 December 2016. Retrieved 7 December 2016.
  4. ^ Operations in Europe - Annual report 2017 (PDF). Advent international. 1 April 2018. Retrieved 16 July 2018.
  5. ^ "Press release by OMERS". OMERS. 15 December 2016. Retrieved 16 July 2018.
  6. ^ "Advent international takes majority stake in V group from OMER". Press release - Advent international. 16 December 2016. Retrieved 16 July 2018.
  7. ^ "Advent takes major share in V Group". Agent international - news releases. 6 December 2016. Retrieved 16 July 2018.

External links[edit]

  1. https://vgrouplimited.com/our-group/board-of-directors/