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AO Shipping Selects Wallem for 2 Newbuilds

AO Shipping has selected Wallem Europe as the managers of its two newbuild I-Star Ultramaxes, which will be delivered in 2015 from Imabari Shipbuilders. Wallem has been managing vessels for AO Shipping since 2009, and with the addition of the I-Star Ultramaxes, from 2015 Wallem will be managing five vessels on behalf of the owner. Wallem Europe Managing Director Ulrich Paulsdorff said the new vessel contracts were an endorsement of the maritime services offered by Wallem in Europe.