Ship management has a new superpower. Private equity-backed OSM Maritime is to merge with Singapore’s Thome Ship Management to create a fleet of more than 1,000 ships under third-party management. Singapore-based Thome Group proved a more than a willing partner for the private equity-backed company’s growth ambitions. Their shared Norwegian heritage is likely to help smooth integration as the outfit looks to size to for an advantage over the competition.
Editor’s selection: Thome-OSM tie the knot, HSBC retreats from shipping and Euronav seeks to save Frontline tie-up
A look at some of TradeWinds’ biggest and most intriguing stories of the week