Singapore: Norwegian offshore broker Westshore has formed a joint venture with Raffles Shipping Projects forming Westshore Raffles. The operation is headed up by Norwegian national Alexander Pettersson.
Initially the Westshore Raffles focus will centre around sale and purchase and newbuilding. Eventually chartering will also be included. Westshore already has offices in Norway and Brazil.
“One of the main reasons for this step was to provide the link between Asian shipbuilders and investors and the abundance of activity in Brazilian waters,” commented Sølve Høyrem, Westshore’s managing director. “Great synergies can be seen between these two markets. In addition to this the offshore market has become more global and competitive than it was 12 years ago. This has being clearly demonstrated by Asian shipyards that are now in a position to actively compete with European yards on most levels. [21/06/13]
