Hong Kong: Shipmanagement mergers and acquisitions are very likely soon, according to Bjorn Hojgaard, ceo of Hong Kong’s Univan Ship Management, who intimated to our sister site, Maritime CEO, that Univan could get involved on the buying side.
“It is still too fragmented,” Hojgaard said of the shipmanagement industry, noting that there are not many industries where there are 600 players of which the top 20 only control a third of the market.
“We will see mergers and acquisitions,” he said, observing how there have been relatively few over the last 40 years. “Many of the top 20 are looking at mergers and acquisitions as a serious option,” he said.
Univan, founded by the late Capt Charles Vanderperre, now has 106 ships on its books.
The full interview can be accessed here. [01/04/14]