V.Ships and Empros Lines have entered into a partnership that will create a specialised bulk carrier management cell in Greece.
The unit will be staffed by Empros’ technical team and based in V.Ships Greece’s office in Piraeus. Its operations will be overseen by a steering committee of senior executives from both partner companies.
The cell is open to business from third parties, and V.Ships said the partnership has already undertaken the technical management of two bulkers from different unnamed owners. Empros Lines’ fleet will continue to be commercially managed in-house.
In 2013, V.Ships established a similar cell for containerships in partnership with Costamare.
“In partnership we are able to offer the flexibility needed to maximise business opportunities in a cyclical market,” said Clive Richardson, CEO of V.Group (pictured), said in a release.
“Since initiating the cell model three years ago V. Ships Greece has attracted 16 Greek clients, the full management of 36 vessels and an additional 50 vessels for crew management.”
George Makrymichalos, president of Empros Lines added: “We are confident the cell will combine the economies of scale, global presence and state of the art management systems of a professional ship manager with the extensive know-how and experience of a traditional Greek shipping company.”