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Neste Oil outsources ship management functions to OSM

Thursday, 20 Feb 2014 07:00am EST 

Neste Oil Corp:Transfers ship management functions of Neste Shipping to Norwegian-based OSM Group AS.OSM will set up a subsidiary in Finland responsible for the crewing and maintenance of vessels previously under the management by Neste Shipping that continue to be used by Neste Oil.Personnel employed in these functions will be able to transfer to OSM's Finnish subsidiary as existing employees.Neste Shipping's chartering functions will be retained and integrated to the Neste Oil organization.Says the step is part of Neste Oil's plan to exit the shipping business announced on Sept. 19, 2013.OSM is a global provider of offshore and ship management services. 

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