The founder of 18-month old Viridian Maritime are on a voyage to disrupt the shipmanagement sector. Established in Singapore in September 2017, Viridian Maritime has set up shop to be a niche, boutique manager in a sector that has undergone tremendous consolidation in recent years.
“Value must be provided at all times,” argues Arvind Mohan, the company’s managing director, “Be it towards cost efficiencies or operational diligence. This is where we see ourselves – in working to disrupt the manner in which shipmanagement has traditionally been done, where we do not have one model for operations, and neither a one size fits all – but more client centric based on their gaps which needs to be identified and closed out.”
Mohan’s storied CV includes stints at the likes of Maersk, Wallem, Bibby Line and V. Group prior to establishing his own company in 2017.
Ships under management at Viridian today are mainly made up of OSVs, subsea and offshore construction assets.
“We wanted to create a niche segment as our primary focus,” Mohan explains for this initial offshore strategy with more conventional ship types in the offing soon. “The shipmanagement market dynamics have changed and so have we with our operating model including ethos of operations and client service delivery.”
The medium term business plan at Viridian is to reach a relative size of 25 to 30 vessels over the next three years.