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NEWS
ISSA and Ship Supply

Gibbons expands to

larger premises

leet of multi-temperature

controlled vehicles.
The move provides Gibbons

with much-needed warehousing
and ofice space and a

signiicantly larger compound

in a more conveniently located
position, close to the main

arterial routes.
Speaking about the deal,

Ian Gibbons, who is the third
generation of his family to head

the business, said: “Over the
past 93 years, we have built

up an enviable reputation and
name synonymous in the ship

supply sector for delivering
quality products and high levels of service.A
long-established UK ship supplier has moved to
“We now have much larger operational premises, close tolarger premises after seeing business boom in the

the A1 and main arterial routes, so the move gives us further last ive years.
lexibility to build on the current growth in the offshore and Gibbons International, which was based in Sunderland and

wind turbine industry.”has an annual turnover of £3million, has seen a growth of 40%
Gibbons International has retained its original butcher’s with a large proportion of custom coming from deliveries to

shop in Sunderland, which irst opened in 1936. uEuropean and Scandinavian ports.
It has now relocated to signiicantly larger premises in

nearby Washington, where it has 12,600sq ft of warehousing
and ofice accommodation.

For the past 93 years, Gibbons International has been
supplying vessels with a wide range of goods including food,
1/ Pictured are (left to right), Victoria Walton, Partner at solicitors Swinburne
Maddison, Ian Gibbon and Giles McCourt, Swinburne Maddison.hardware and duty free products and it also has its own

Sinwa reports big proit increase

S
ingapore-based ship supplier Gross proit increased 8% to model and focused on our core
Sinwa has released its full year S$37.2million, however, gross proit strengths of offshore, marine supply

results for 2014 which showmargin declined slightly, mainly due toand logistics capabilities. The beneit
earnings up 41% from the previous year, the disposal of the Anchor Handling Tug of these actions has translated into a

from S$6.4million to S$9.1million.(AHT) in the irst quarter of 2014 and stiff 41% increase in net earnings for 2014,

The Group reported an increase of competition in the market.even as market conditions weakened
10.7% in total revenue to S$154.3million Commenting on the Group’s in the later part of the year. This

last year, largely due to growth in customer business outlook, CEO Bruce Rann demonstrates the effectiveness of the
base and sales volume for the marine, said: “We took a series of strategic long-term vision and strategy of the

offshore supply and logistics divisions.actions to streamline our businessmanagement.” u

60 The SHIP Supplier 60th Anniversary Edition 1955-2015