Dutch offshore support vessel player Glomar has struck a deal to buy out compatriot owner Rederij Groen and take full control of the company.
Rederij Groen took a 50% stake in the Den Helder-headquartered operator of purpose-built OSVs in 2016.
Seaspan Holding, established by Glomar CEO and founder Klaas Weij, and Rederij Groen had previously agreed to explore going their separate ways and focus on the execution of their own strategy.
Financial terms have not been disclosed, but in addition to Klaas Weij, both Mevlin Weij and Dennis Beintema have been appointed as stakeholders.
“The buy-out of Rederij Groen enables us to have full control of our strategic decisions and provides a solid base for further growth and innovation. Glomar will be able to shift its focus on strengthening its market position, improving its customer service and the expansion of its product range,” remarked Weij.
The move has also seen Seaspan and Glomar integrate their services with the management of the vessels belonging to Seaspan to be taken over by Glomar. Seaspan currently has two ships and another two newbuilds set to enter the market in the fourth quarter of 2024 and the fourth quarter of 2025.
In addition, Glomar said it plans to gradually upgrade its existing standby fleet with IMO Tier III systems and has already lined up Glomar 4-Winds and Glomar Venture to apply the sustainability measures in the first quarter of this year.
“The integration of the Seaspan fleet marks an important milestone for the company. This will enable us to accelerate our growth targets and continue to deliver the best services to our customers. This will strengthen our offering of survey vessels to be one of the market leaders in space; the idea of building two smaller DP-II vessels again demonstrates our out-of-the-box mentality,” added Weij.
