Crowley Maritime Corporation announced Tuesday that it has acquired majority ownership of Accord Ship Management (HK) Limited and Accord Marine Management Pvt. Ltd., companies that provide third-party international crewing and technical ship management.
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.
With offices in Hong Kong, India (Mumbai and Goa) and the Netherlands, Accord currently manages 23 vessels and employs 55 people.
“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. “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.”
Crowley said Accord provides it 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 over 60 vessels managed for third-party owners."