Wilhelmsen Ship Management and Niton Capital Partners have merged their competence to offer a complete management solution for small, niche cruise operators. The new joint venture named Global Vessel Management (GVM), in cooperation with Ligabue Cruise Services, will offer complete Ship Management, Shipboard Personnel and Hotel Services to small cruise operators.
“We believe there is a segment of the cruise industry, small operators, predominantly in the high end sector, that would benefit from GVM’s experience and expertise,” said Les Royle, Managing Director of Nitons Cruise Division.
Global Vessel Management will offer technical management and supply of deck & engine personnel through Wilhelmsen Ship Management. Complete hotel operations, including supplying of all hotel crew will be offered by Ligabue Cruise Services.
Accounting and financial services will be performed by the Shipping Division of Niton Capital Partners. Niton will also assist clients with vessel sourcing (S&P and Chartering) and project finance. In total, Global Vessel Management will offer a ‘one stop shop’ solution to small cruise lines.
“While looking at various opportunities within the cruise industry, it became apparent that Niton would need the services of experienced managers in the Hotel and Marine sectors,” Royle continued, “after discussions with both Wilhelmsen and Ligabue, we saw that we could form a venture to offer that same expertise of all three companies to small niche cruise operators. Small cruise lines may not be able to take advantage of certain economies of scale available to larger operators, and may also feel that by going with a large ship management company they will end up a ‘small fish in a large pond’. Global Vessel Management provides the opportunity for smaller operators to be on a level playing field, enjoying the economies of scale GVM can offer and also being assured that their voice will always be heard. All clients will receive the same high standards throughout”, Les Royle stated.