Specialist Ship Management Services News

Growth in specialist ship management services leads HK-based Wallem Group to open its first ship management & broking operation in Singapore. The move into Singapore comes six months after Wallem formed a ship management joint venture with mainland shipowner Nanjing Tanker in Singapore, reports the 'South China Morning Post). Captain Deepak Honawar, a director of Wallem Shipmanagement, considered that launching in Singapore would provide more space for the company to grow its Hong Kong ship management business. As a result, it was likely some of the ships currently managed from Hong Kong, along with technical staff, will be transferred to the Singapore operation, which will make room in HK for expansion.