V.Ships MSI, CSCL form new Shipmanagement Company

Tuesday, February 28, 2006
V.Ships (Asia) MSI Pte Ltd and China Shipping Container Lines announced the formation of a new ship management company, set up to manage four 9600 TEUS container ships.

The joint venture company, China International Ship Management Co. Ltd (CISM), will be based in Shanghai and will be fully operational on 1st June 2006.

The formation of CISM follows China Shipping Group’s newbuilding order for four 9600 TEU container ships at Samsung, Korea – vessels that will become the largest container ship in the world, both in size and engine capacity. V.Ships MSI’s Doug Robinson has been in long discussions with China Shipping Group regarding the formation of a special purpose company for the management of the vessels, recognising the need for specialist management skills and a dedicated team to be based in China.

The first vessel is due for delivery in June 2006, and will be crewed by British senior officers with crew sourced from the Peoples Republic of China (PRC).

Douglas Robinson, Chief Operating Officer of V.Ships (Asia) MSI Holdings Pte Ltd, said : “We are delighted to have won the management of these prestigious vessels. Both management teams at V.Ships MSI and CSCL have worked hard in negotiations to tailor a dedicated management service for these specialised vessels, and we look forward to a fruitful and productive cooperation.”

V.Ships (Asia) MSI Pte Ltd, the Singapore-based marine services joint venture between V.Ships and the IMC Group, was formed in January 2005, and provides a comprehensive range of marine services to clients, including engineering and naval architect services, spare parts procurement, travel, insurance, and ship agency. The joint venture provides full technical management services to a fleet of over 70 vessels, and employs a team of 135 shore-staff.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

No Clues on Hanjin's Financial Health

Cash-strapped Hanjin Shipping Co. sources say that the negotiations with tonnage providers for lower rates are undergoing, but wouldn't say much else.   According to Korea Herald, the country's No.

DP World's H1 Volumes Rise

Ports operator DP World reported on Tuesday first-half 2016 gross container volumes up 1.2 percent on a like-for-like basis and up 2.5 percent on a reported basis.

Samil PwC Okays Hyundai's Management Improvement Plan

Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement

Coast Guard

Alaska Juris Sinks, 46 People Rescued

The Fishing Company of Alaska, based in Renton, owns the  238-foot  Alaska Juris that started sinking in the Bering Sea shortly before noon on Tuesday, says a report in Seattle Times.

Sunken Barge Impedes Waterway Traffic Near Galveston

A barge sank east of the Galveston Causeway railroad bridge Tuesday, causing the U.S. Coast Guard to issue a safety zone and temporarily restrict traffic on the Gulf Intracoastal Waterway.

BMT to Lead Repower for Historic USCG Eagle

BMT Designers & Planners, a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, is leading the effort to repower the historic U.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0755 sec (13 req/sec)