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Last updated on April 24, 2014 at 17:35 EDT

River Advice and International Shipping Partners Establish the World’s Leading Passenger Ship Management Company

November 1, 2012

BASEL, Switzerland and MIAMI, November 1, 2012 /PRNewswire/ –

– FleetPro Passenger Ship Management (“FleetPro”) will commence operation on November
1st, 2012, and be the leading independent manager of passenger ships with a worldwide
operation in both the ocean going and river vessel markets.

FleetPro results from the combination of River Advice with 1250 employees and 35 river
cruise vessels under management in Europe, the market leader in river cruise vessel
management, and of International Shipping Partners which manages 20 passenger vessels,
mainly in the luxury expedition sector of the industry, operating with 1100 shore and
ship-based personnel as the leading independent manager of small and medium size ocean
going cruise ships.

FleetPro will be headquartered in Zug / Switzerland, maintaining the existing
operations of River Advice in Basel / Switzerland and International Shipping Partners in
Miami / Florida. The founders of both companies will remain involved, both as substantial
shareholders and in active management of the group. The transaction is financially
supported by a private equity fund, managed by Waterland Private Equity Investments,
Netherlands, becoming the new majority shareholder. The group management will consist of
Robert Straubhaar (CEO), Robert Heijlands (COO), Christian Huetwohl (CFO) and Niels-Erik
Lund who will be responsible for the development and management of ocean going fleet
activities.

The continued growth in the passenger ship industry and the increasing need for
committed independent and professional management enables River Advice and International
Shipping Partners ideal conditions to further develop the growth they have achieved as
independent businesses, and to provide the environment for the establishment of FleetPro.
FleetPro’s strategy will continue to be to provide, (through River Advice and
International Shipping Partners), the independent management services that the industry
needs with the efficiency that the size of the new group will bring.

FleetPro will not compete with its clients in the ownership of vessels, or with their
charterers in the sale and marketing of cruises. It will be a pure service group,
providing independent services for both ocean going and river going passenger vessels,
including planning, financing and supervision of newbuildings and the rebuilding and
refurbishment of existing vessels.

FleetPro believes this merger will create new and exciting opportunities for its
clients, the owners, operators and charterers of river and ocean going passenger cruise
vessels, as well as for its staff and employees.

http://www.riveradvice.com I http://www.isp-usa.com I http://www.fleetpro-psm.com I

http://www.waterland.de

        River Advice Ltd
        Daniel Buchmueller
        Mobile: +41-79-320-41-66
        E-Mail: daniel.buchmueller@riveradvice.com

SOURCE FleetPro


Source: PR Newswire