CimbriaViganPort of StocktonCleveland Cascades LtdTOC EventsSailors Society
  • Vigan
  • Port of Vancouver USA
  • Telestack
  • Port of South Louisiana
  • TBA Group
  • The Wolfson Centre for Bulk Solids Handling Technology

GTMaritime moves to employee ownership

GTMaritime moves to employee ownership

(Posted on 28/03/21)

GTMaritime has announced that it has transitioned its business to an Employee Owned Trust (EOT), in a deal securing the future of a true shipping technology innovator.

The move to an EOT is an exciting development which is set to incentivise employees under the guidance of the management team responsible for establishing GTMaritime as a leading provider of secure data communications software to the shipping industry. The structure of the trust enables existing and future employees to become direct beneficiaries of the company’s continuing success.

Robert Kenworthy and Chris Morgan, the owners of GTMaritime, sold their majority stake in the company to an EOT that will hold the shares for the benefit of GTMaritime employees. Both remain on the Board of Directors as CEO and Chairman and will continue to be actively involved in the company, with no changes to the existing management structure.

Robert Kenworthy, CEO at GTMaritime, said: “I am delighted to announce that we have successfully completed the transition to an Employee Owned Trust. Chris and I remain fully committed to GTMaritime and we look forward to working with the team and helping to steer the company for many years to come. From the start we have tried to instil a company culture that ensures people are happy in their work environment and I strongly believe that if we look after our team, then they will look after our customers.

“The EOT aligns exactly with the inclusive and innovative culture that is the foundation on which we have built the business. It is the team providing reliable, round-the-clock support for customers who have worked so hard to achieve the GTMaritime success story; going forward, it will be the team who benefit as they take the business from strength to strength.”

Managing Director at GTMaritime, Chris Judge, said: “This is a really exciting time for everyone at GTMaritime. Our people are our greatest asset and without them GTMaritime would not be where it is today. As a company we have always worked as one and we strongly believe that this will ensure our team remain at the heart of our business.

“In today’s business environment we wanted to provide stability and ensure the company’s continued success; we wanted to have an operating model that truly reflects the respect we have for our colleagues and the contribution they make to GTMaritime’s collaborative culture of innovation. This is a wonderful opportunity for everyone and we look forward to continuing to work together and build for the future.”

Latest News

New security guidance from ICS

(Posted on 11/04/21)

As recent news reports highlight, the shipping industry continues to face threats such as piracy, kidnapping... Read more


Algoma takes delivery of latest Equinox Class bulker

(Posted on 06/04/21)

Algoma Central Corporation, a leading supplier of marine transportation services, has announced that... Read more


Wavespec announces management buyout

(Posted on 06/04/21)

Wavespec, as the last technical entity within Braemar Shipping Services Plc, has announced that it is... Read more


Vaccination lottery for dry bulk sector

(Posted on 31/03/21)

INTERCARGO believes that, once again seafarers are falling victim to the lack of focus and joined up... Read more


Suez demonstrates importance of shipping

(Posted on 28/03/21)

As efforts to refloat the Ever Given continue, the International Chamber of Shipping (ICS) has released... Read more


Joint research on autonomous ships risk

(Posted on 28/03/21)

Leading classification society ClassNK has begun joint investigative research with Sompo Japan Insurance... Read more


Western Bulk looks to “promising” 2021

(Posted on 22/03/21)

Oslo-based global dry bulk operator, Western Bulk has published its 2020 Annual Report with a full year... Read more


Reducing seafarer anxiety and sadness

(Posted on 22/03/21)

International maritime charity Sailors’ Society’s Wellness at Sea training and support reduces... Read more


Great Eastern adds to bulk fleet

(Posted on 17/03/21)

The Great Eastern Shipping Company Limited (G E Shipping) has signed a contract to buy a second-hand... Read more


Evitalz signs up as Inmarsat provider

(Posted on 17/03/21)

Evitalz and Inmarsat, the world leader in global, mobile satellite communications, have signed an agreement... Read more


Coaltrans Global 2021Port of Vancouver USATelestackPort of South LouisianaThe Wolfson Centre for Bulk Solids Handling Technology Bühler GmbH
  • Sailors Society
  • TOC Events

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping