Norwegian shipmanager OSM Maritime is taking over the managed fleet of Kristian Gerhard Jebsen Skipsrederi (KGJS), one of Norway's largest private shipowners.
Thirty-seven ships are included in the deal, which is all the vessels technically managed by the Hans Peter Jebsen-controlled group.
KGJS Fleet Management's operations in Bergen, Singapore and Manila will become part of OSM on 3 August, following a deal signed between the parties on Wednesday.