Bühler GmbHPort of StocktonTelestackCimbriaTBA GroupThe Wolfson Centre for Bulk Solids Handling Technology
  • Van Aalst
  • Telestack
  • Cimbria
  • TOC Events
  • Port of Stockton
  • Cleveland Cascades Ltd

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

Oldendorff Carriers invests in Alpha Ori Technologies

(Posted on 05/12/22)

Oldendorff Carriers, one of the world’s leading dry bulk operators, has signed a deal that will... Read more


NSG GAC's second Swedish ship agency acquisition this year

(Posted on 05/12/22)

GAC Group has acquired Finland-based ESL Shipping's Swedish subsidiary Norra Skeppningsgruppen (NSG),... Read more


Klaveness Digital etablishes Board of Directors

(Posted on 01/12/22)

Norwegian technology company Klaveness Digital has announced the formation of its first Board of Directors... Read more


WinGD cybersecurity type approval from DNV prepares owners for regulations

(Posted on 01/12/22)

Swiss marine power company WinGD has become the first marine engine designer to gain cybersecurity type... Read more


InterManager welcomes IMO commitment on enclosed space risks

(Posted on 29/11/22)

InterManager has welcomed a commitment by the International Maritime Organization (IMO) to review guidance... Read more


North P&I faces up to turbulence with premiums rise

(Posted on 29/11/22)

North P&I Club signals intention to apply a 10% General Increase in 2023/24 premium rates amid swirling... Read more


Pioneer voyage data-sharing to enable carbon emissions reductions

(Posted on 19/11/22)

China Merchants Energy Shipping (CMES), BHP and DNV have signed a Memorandum of Understanding (MOU)... Read more


Safe Bulkers orders additional retrofits of Alfa Laval PureSOx

(Posted on 19/11/22)

In recent years, Greek shipowner Safe Bulkers has retrofitted Alfa Laval PureSOx exhaust gas cleaning... Read more


Fears of Nordics perfect storm unfounded says Swedish Club

(Posted on 13/11/22)

Times are difficult but no need for despair, was the message from Tore Forsmo, Area Manager, Team Norway... Read more


CSM and Marcap to focus on vessel performance optimisation

(Posted on 13/11/22)

Columbia Shipmanagement (CSM) and Marine Capabilities (MARCAP LLC) have signed a Memorandum of Understanding... Read more


Sailors SocietyCleveland Cascades LtdVan AalstTOC EventsPort of South LouisianaVigan
  • Vigan
  • Sailors Society
  • The Wolfson Centre for Bulk Solids Handling Technology

Subscribe to our newsletter

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