- Agreement signed between international maritime risk management companies
- Formalisation of existing long-standing partnership in the sector in effect from today
- Clients of both firms to benefit from increased expertise and resource now on offer
Leading maritime security company Maritime Asset Security and Training (MAST) has today announced their partnership with Astbury Marine Services & Associates (AMSA), a specialist shipping and insurance response business.
The combination of front-line experience and industry knowledge place MAST and AMSA as leaders in their field.
The two companies will work together to provide an increased portfolio of risk management services to clients trading in difficult or complex environments. These include support following an insurance incident, ship arrest or delay and a prevention and response service in relation to Kidnap for Ransom.
MAST and AMSA have an intimate knowledge of Somalia from working on the ground for P&I Clubs, World Food Programme and a Somali regional government. Peter Astbury was previously lead advisor on negotiations in respect of four Somali hijack cases (and a retained advisor on eight others) and Gerry Northwood, COO of MAST, was formerly a Royal Navy counter piracy commander in the Indian Ocean. Furthermore their knowledge of the Gulf of Guinea is based upon a corporate presence in Nigeria and counter piracy support to commercial ships in the region since 2012.
Both firms were pioneers of counter piracy services in the Indian Ocean and the Gulf of Guinea, and a successful concept of front line mediation for ship owners, marine insurers and Flag states with sensitive or intractable disputes. The firms will operate out of offices in the UK, Singapore and Sri Lanka and clients will benefit from an extensive global network of working contacts.
Peter Astbury, CEO and founder of AMSA, said:
"In a world where the trading environment for ship owners and ships' crews is increasingly unpredictable, this partnership will help our mutual clients to better understand and mitigate risk, reassure their crews and avoid unnecessary delays and time off hire."
Phil Cable, CEO and co-founder of MAST, said:
"Our two companies have already long enjoyed a successful relationship and I am very pleased to be formalising the partnership. Clients of both firms will benefit from this coordinated approach and from the combined experience and expertise."
Notes to Editors
MAST is a leading global security provider with the expertise and capability to provide comprehensive security advice, including the delivery of intelligence information, physical security solutions and technology.
MAST is without doubt one of the pioneers in the maritime security industry, having been at the heart of development of the legal and operational standards that now allow clients to engage security services in the marine sector with confidence.
With offices in the UK, USA, Malta, Oman, Sri Lanka, Nigeria, Singapore and China, the company has the resources and the reach to provide clients with a complete solution. For more information please visit our website: http://www.mast-security.com/
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Problem solving requires deep understanding of subject, context and the local environment. We are a well-populated network of discreet, well placed in-country associates with excellent local connections. Our roots are in commercial shipping, marine insurance, contingency response and hostage negotiation.
AMSA has a highly successful track record of helping ship owners, charterers, NVOCCs, marine insurers and flag states (and their lawyers and agents) on the front line to: mediate and resolve difficult ship and crew detentions; mitigate uninsured losses; investigate claims; close old claims; and assess logistics opportunities in complex environments.