Athens, 7 June 2006 – Barber Ship Management (Barber) has mapped out a series of investments to grow and take a bigger share of the global third-party ship management market. With new offices in key markets, a focus on demanding segments for ship management services, and a long-term commitment to quality operations, Barber seeks to win new customers and become one of the industry's largest players.
Barber has already flagged its plans to set up shop in both Singapore and Greece – two of the world's largest and fastest-growing markets for shipowners. In addition, the company has determined to maintain its leading position as a third-party manager in Ro-Ro, strengthen its top three slot in the seismic/offshore, tanker and cruise segments and grow in the management of LNG/LPG vessels, as well as FPSOs and FSOs.
"This is part of the growth strategy for Barber Ship Management for the coming 5-year period. We register that shipowners are very interested in our services, and they want us to be closer to them. For that reason, we want to set up offices in shipowners' markets and give them a complete service dedicated to what they want and need," says Barber President Geir Sekkesaeter.
Globally, demand for third-party management services are on the rise as shipowners seek cost-efficient solutions to rising operating costs and associated risks. The industry that provides these services has been fragmented, but is moving towards consolidation around a few large players. Barber's broad strategy of growth is designed to match the market's needs for professionalism, experience and focus on quality operations. The company aims to have a 20 per cent market share by 2011.
These topics and more concerning the state of the shipping industry and the market for third-party ship management services were part of Barber President Geir Sekkesaeter's presentation to maritime journalists at Posidonia today. To download Mr. Sekkesaeter's presentation and photos, see below