Neste Oil Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Neste Oil outsources ship management functions to OSM
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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