Clipper sells ownership in ISP

30 Mar 2009

Clipper Group has made a general decision not to be part owners in ship management companies. Last year it sold its 50% ownership in Univan and has effectively 1 February 2009 sold its 50% ownership in International Shipping Partners. The shares have been sold to the management of ISP, who will again be 100% owners of ISP.

Clipper manages a large portion of its vessels in house, however does use third party managers for various segments of its fleet.

Clipper is a tonnage provider in the cruise segment, in which Clipper today controls 13 vessels. Clipper will continue to use ISP for the management of its vessels within the cruise segment.

Clipper Group