Höegh Autoliners signed a nine vessel ship management deal with Wallem Ship Management yesterday at the Höegh headquarters in Oslo, Norway.
The ship management agreement cements a deal between the companies, with Wallem delivering technical and crew management to nine PCTCs from its Singapore base.
Wallem broadened its ship management business to Singapore in 2013, complementing the company’s existing ship agency services in the city state, providing an attractive option for ship owners looking for access to Singapore’s maritime business advantages.
Wallem Ship Management Managing Director Ray Mc Namara said Höegh would be a feather in Wallem’s client cap.
“Höegh is such an extremely well-known and reputable ship owner in Europe and Asia, and we are very proud to efficiently and safely manage their ships,” said Mr Mc Namara.
“The signing of the ship management contract is an important occasion for Wallem and by delivering reliable services from Hong Kong, Singapore and Hamburg, we can continue to attract reputable ship owners.”
Wallem will take over vessel management of the nine vessels in a staged process from May 2014.
With the addition of these new vessels, Wallem Ship Management will be managing 30 PCC/PCTCs for ship owners such as NYK Line, and the Singapore fleet will grow to 22 vessels.
Wallem is well known in the maritime industry for its ship management and technical services, and today remains a key service for the Group. Recently, Iaonnis Stefanou has joined the Group to lead the technical teams in Hong Kong, Singapore and Europe as the business positions itself for continued growth. Stefanou has vast experience in senior commercial and technical roles with both ship owners and third party managers, the company said.