Bibby Line Group has responded to its decision to end its involvement in Liverpool-based Meridian Marine Management by launching a new full-service ship management venture, Bibby Ship Management Group.

Jon Osborne, Managing director of the new company, said: “In an increasingly competitive market place, ship owners are looking for ways to optimise their own performance and consequently seeking partners who can provide the right level of expertise and flexibility. A one-stop shipmanagement offering perfectly fits that need.”

The new company will bring together the Bibby International Services business with many of the former Meridian staff.

Bibby Ship Management Group will wholly operate a flexible, tailor-made ship management service comprising all aspects of specialist crew and technical management, including training, payroll, insurance, vessel inspection and accident investigation to third party clients.

It will be the umbrella company for subsidiary trading companies in the UK, the Isle of Man, the Ukraine, India, the Philippines and Singapore. The company will be headquartered in Liverpool.

The Ukraine company, formerly crew manning agency MA Olevent, is the newest addition to Bibby and was acquired in July to expand the company’s Eastern European market, particularly in the supply of crew to the offshore oil and gas industries

“The business strategy for Bibby Ship Management is very clear – we are focused on strengthening our position in key markets and are planning to achieve significant growth over the short and medium term,” said Mr Osborne.