Singapore now V.Ships’ largest office in the world

London: Asia forms a key plank of V.Group’s bold plans to grow sales dramatically, led by Singapore which is now its largest shipmanagement office around its far flung global network.

 

The sprawling ship services company aims to increase revenues by at least 50% in the coming three years, according to its president and ceo, Clive Richardson, who was speaking exclusively to our new sister site, Maritime CEO.

 

“Our plans involve growth in our managed fleet in our Asian offices, spearheaded from Singapore and Shanghai,” he said. The group is the world’s largest shipmanager with around 800 vessels in full technical and crew management, as well as offering many other services such as crew travel and agency work.

 

“Our Asian strategy is to continue to trade competitively in ship management, ensuring the growth of the managed fleet in the region,” Richardson said, also revealing that Singapore is now the group’s largest shipmanagement office.

 

V.Group has established an Asia Board in Singapore, chaired by Keith Parsons, a very experienced member of Richardson’s senior executive team, to coordinate strategy and its channels to the Asian market.

 

V.Ships has been repeatedly linked to buying out an Asian shipmanager to give it bigger foothold in the world’s most vibrant shipping region, something Richardson does not rule out. “Our growth,” he said, “is planned to be primarily organic, but we will make acquisitions that are in synch with our core strategic objectives.”

 

For the full Clive Richardson interview, check out Maritime CEO here.  [31/01/13]