Anglo-Eastern took over Euronav Ship Management Hellas

Shipmanager Anglo-Eastern has formally completed the acquisition of Euronav’s ship management arm, Euronav Ship Management Hellas (ESMH).

Anglo-Eastern is expected to bolster its footprint in the Greek market and large crude oil tankers through this transaction.

“With this deal, we are excited to establish a local presence in Greece and further enhance our footprint in the large crude oil tankers’ sector,” said yesterday the company.

Through this acquisition Euronav Ship Management Hellas becomes part of Anglo-Eastern’s vast global network, offering the combined entity a wide range of growth opportunities in different regions and ship types.

Alexander Saverys, chief executive of Belgium’s Euronav tanker owner, explained earlier this year that “this combination will further enhance our business relation, offering plenty of new opportunities for our company and our people.”

The chief of Anglo-Eastern, Bjorn Hojgaard, also emphasised the mutually beneficial nature of this agreement which “will enable both companies to focus on what they do best and reflects Euronav’s utmost confidence in Anglo-Eastern’s ability to deliver as a ship manager and wider initiatives related to safety, quality, digitalisation, crew training and decarbonisation”.