ems seven seas
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What was your first thought when you got contacted by EMS Seven Seas– and when was that?
I was approached in August, which was only a short time after I set up Wave Shipping. I was immediately interested as it was such an interesting opportunity, but the problem was that I wasn’t looking for a job; I was looking for an investor. I was persuaded to attend an introductory meeting and there I realized the obvious synergies between the port agency services offered by Wave and the ship supply solutions of EMS Seven Seas. I also witnessed the 100% commitment to ensure EMS Seven Seas makes a really serious mark in the ship supply industry by leveraging the financial backing and organizational resources of Supreme Group. After a series of meetings, Supreme Group made an offer to acquire Wave Shipping and invited me to join the team as the new CEO of EMS Seven Seas.
Why is this an interesting opportunity for you?
This is a rare opportunity to make an impact in an industry that is so ripe for significant change. By investing in the areas of leadership, people and resources, great improvements can be made that will be noticed by our clients. I look forward to applying everything I have learnt over the years in the areas of leadership, management and market change to achieve our goals.
What do you expect to gain from it?
The satisfaction of helping a team of people to excel and build something unique and beneficial to stakeholders; and motivating my team to be equally happy about being part of that journey.
I know it will take hard work and perseverance, but I would like to create a better company by improving the services that we offer to benefit our clients. Our future market position will depend on how well we do it, but our ambition is to be the best.
How much do you know about the company?
EMS Seven Seas is one of the world’s top ship supply companies so obviously I was very familiar with the brand, and I had followed the EMS story for many years. It really is a great company with huge potential, and it didn’t take me long to decide that I wanted to join this team.
What are your ambitions for EMS Seven Seas – and how will you get there?
Our ambition is to be the preferred supplier in the industry. We plan to do this by developing and delivering a new market standard when it comes to customer service, compliance and convenience for clients.
We are planning to introduce customer service values that transcend everything we do, combined with a broader suite of products and services in all locations. In terms of compliance, this is on top of our agenda across the group, which include mandatory training programs and very strict policies. With reference to convenience, we plan to expand our geographical footprint, particularly in Asia, Africa and the Americas and we are totally committed to helping our clients resolve their business pains and needs by making their life easier.
Where do you see the biggest challenges going forward?
This is a major change project, so we are investing a lot of resources into managing the internal culture shift that needs to happen. I am encouraging the team to buy into the new and improved way of doing things. We are currently working with the leadership to improve operations at all levels of the organization, and that will remain a core focus area to the benefit of our clients.
I have already travelled extensively around the global office locations and have met the team of people who are all keen to work on this project. They are looking for direction and plans, and I am committed to providing that while supporting everyone to achieve their goals. I also met clients who want to do more business with us and have encouraged us to expand our service offering.
There are also practical challenges; extensive time and resources are required to grow the business, and set up new ventures. I also want to make sure that I spend enough time with our clients to understand how we can provide more support to them.
But these can be overcome by a combination of leadership, courage and commitment.
How will you handle it if any employees fear that the values of the company are changing for the worse?
It is normal for the employees of any company that gets acquired to have uncertainty and doubts that need to be addressed. I have been given autonomy to set the values that we, as EMS Seven Seas, want to deliver to employees and clients. These are appropriate for the industry and I have received strong buy in from everyone when talking about the future of the company. One of the values is encouraging open dialogue and feedback, so when there are concerns, these should be tabled and discussed openly without fear of negative consequences. I have therefore encouraged open discussions with the team from the beginning, and we use communication platforms like video messages and face to face meetings to ensure open, honest and fair discussions. This is a healthy form of discussion and it’s helping to reassure the employees about their role and importance in the company.
How will you make sure that everyone feels alright in the integration process?
By ensuring open and regular two way communication with the team; continuing to travel to meet the team; promote open door policies; and continuous reassurance of our goals, ambitions and intentions.
EMS Seven Seas is a global maritime services group serving merchant marine, offshore and defense customers. The company supplies general ship supplies, provisions, stores, spare parts and leading technical maritime brands through its extensive network of some 600 ports.
Founded in 1971, EMS Seven Seas primarily operates in Norway, Spain, Portugal, the Netherlands, Germany, the United States, the United Arab Emirates, Djibouti, and Singapore. Its clients include leading ship managers and owners, professional catering businesses, military operations and offshore platforms.
More information about EMS Seven Seas is available at: www.ems-sevenseas.com
EMS Seven Seas, announced that it has appointed Lars Rosenkrands as the new Chief Executive Officer (CEO) with immediate effect. Lars has 30 years’ experience in the shipping industry, having worked for a variety of ship supply and ship services companies across Europe, the Middle East and South East Asia, including Inchcape Shipping Services (ISS), Maersk, J. Lauritzen, Wilhelmsen Ship Services, ShipServ Ltd, and Sinwa Ltd.
Representing more good news for the company, EMS Seven Seas also confirmed that it has entered into an agreement to acquire 100 per cent of the shares of Wave Shipping, a maritime and port agency services company based in Singapore. Wave Shipping provides a full suite of maritime services to the global shipping and offshore industry, offering port agency services, outsourcing solutions and logistics services. It is helmed by a strong team of industry veterans from leading maritime services companies around the world and has offices in Singapore and A
Under the new ownership, Wave will continue as a standalone division within EMS Seven Seas. It will carry on the path to expand its operations across the globe, while pursuing its goal of revolutionizing the port agency industry by providing a significantly improved customer experience.
Lars Rosenkrands said: “We are thrilled to become part of EMS Seven Seas, which will give us the ideal platform and support to shake up the shipping agency industry and to deliver on our mission to provide a higher level of convenience, transparency and consistency in serving clients and partners within the maritime industry.
There are exciting synergies to explore between ship supply and port agency; as such, the combined EMS Seven Seas and Wave assets promise to bring unrivalled benefits to our customers.”
Following the acquisition of Wave Shipping, EMS Seven Seas now has a combined office network across four continents and a network of more than 600 ports; offering truly global solutions to its clients.
More information about EMS Seven Seas is available at: www.ems-sevenseas.com
Supreme Group (Supreme), a global leader in the provision of end to end supply chain solutions in challenging environments around the world, has today (June 20, 2014,) announced completion of the purchase of EMS Seven Seas ASA (“EMS”).
Following announcements to the Oslo Stock Exchange today, Supreme now owns 90.04% of the total outstanding shares in EMS. Supreme will make a mandatory offer to the remaining shareholders in the company in due course.
“We are excited to announce completion of the acquisition of EMS Seven Seas, which is a great company with strong brand loyalty,” said Theo Reichert, CEO, Supreme Group.
“By integrating ship supply services to our existing portfolio of supply chain solutions, we are well positioned to serve the evolving needs of both military and commercial clients. We are prepared to make investments to ensure EMS Seven Seas becomes the global leader in commercial ship supply within three years, and we look forward to working closely with their teams around the world to make this happen, merging our organizations to leverage operational synergies to their fullest potential,” Reichert added.
Toril Eidesvik, CEO of EMS Seven Seas ASA said “This is a strong strategic match that is designed to create value for clients by leveraging synergies in supply chain capabilities and geographic reach”.
Supreme Group has been proud to serve defense and government clients around the world sinc
e the company was founded in 1957, by a US soldier who established a food supply company to serve the US military stationed in Germany, following his retirement from active duty. Over 50 years later the company remains a private, family owned entity which has built a unique reputation for outstanding service in challenging environments. Following provision of extensive support to NATO and ISAF in the Balkans, Africa and Afghanistan, the company has recently restructured to ensure a solid platform for future growth and diversification. Alongside its Defense and Government Division (“DGS”), a Commercial Division which will focus on new business opportunities in Africa was formed earlier this year, with a significant acquisition program underway to fast track growth across the region.
Reichert commented: “It is our intention to align capability held within EMS with the new structures recently implemented across Supreme. Hence Defense and Government services in EMS will be fully integrated with the DGS Division in Supreme whilst the Commercial Shipping Services currently held within EMS will be established as a stand-alone Division within Supreme, operating alongside our DGS and African Commercial Divisions. By structuring our business around the clients that we serve, Supreme Group can ensure that we continue to develop new services and capabilities which anticipate and deliver to market demands.”
He concluded “Clearly these changes will take time to implement, and we will work closely with colleagues across both companies to ensure we leverage the vast experience and expertise of all in order to achieve maximum benefit to the business of this merging of two market leaders in the global supply chain industry”.