crowley accord acquisition

Crowley Enters International Ship Management Market, Acquires Accord

Rob Almeida
Total Views: 21
April 8, 2014

Photo (left to right): Kai Einheuser, managing director, Nepa Shipping; Pappu Sastry, managing director, Nepa projects and investments; Mike Golonka, vice president, Crowley ship management; Arnold H.M. Phijffer, managing director, Nepa Shipping; Joshi Mathew, engineering director, Crowley Technical Services

Crowley Maritime Corp has is expanding their operations into the international ship management sector today following an announcement that it has acquired majority ownership of Accord Ship Management (HK) Limited and Accord Marine Management Pvt. Ltd.

This acquisition leaves Crowley with both an immediate international book of business and an established and respected entry into the international ship management market.

Crowley notes this also provides “additional and more regionalized support to its worldwide operations, including its solutions, liner, logistics, petroleum services, and Titan Salvage groups.”

This acquisition adds 23 ships to Crowley’s list of managed vessels and brings their combined fleet to over 60 vessels.  55 current Accord employees from Hong Kong, India (Mumbai and Goa), and the Netherlands will also be brought under the Crowley umbrella as well.

“When investigating international ship management companies that would allow Crowley to expand our business and create a greater presence outside of the U.S., we were careful to only pursue companies that share Crowley’s corporate values and culture, especially as they relate to safety,” said Mike Golonka, vice president, ship management. “After several visits to observe their culture and operations, we are convinced that Accord is the right fit to complement Crowley’s existing operations. Accord has built a team that allows access to trained, qualified mariners without the additional expense of third-party crewing companies, something potential customers are demanding.”

Accord’s Managing Director, Sanjay Shesh, said, “Crowley stepping into the management of Accord is a great step forward for Accord. The spotless image and pure charisma of Crowley will propel Accord to a higher plane where economical solutions will be available to our existing and new clients with greater brand value and higher standards of committed service.”

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