Posted: 16th November 2016
V.Group has acquired Selandia Holdings Pte. Ltd and its subsidiaries comprising the Selandia Ship Management Group as part of its strategy to offer clients high quality outsourced marine services from Asia.
Founded originally in Mumbai, India in 1995, Selandia has grown into a respected global ship manager developing a track record of high quality operations with blue-chip clients, operating fleets with the leading oil majors and charterers globally.
Selandia will continue to operate as an independent ship management brand within the V.Group portfolio and enhances V.Group’s market leading expertise and resources in the tanker sector.
Combining the independent operations of Selandia with V.Group’s existing portfolio, V.Group now offers the largest ship management fulfillment capability from India and has the widest access to Indian seafarers.
Clive Richardson, CEO and President, V.Group said: “By joining our portfolio of ship management businesses, we are able to offer Selandia Ship Management Group’s existing clients significant economies of scale and enhanced global responsiveness. For V.Group, this acquisition represents a great opportunity for us to continue to lead on our technical and crew management operations in India – particularly the tanker sector, where there is high demand for specialist skills.”
Captain Naren Bhatt and Captain Umesh Thakore, joint chair of Selandia Ship Management Group added: “The team at Selandia Ship Management Group is excited to be joining the V.Group portfolio. Starting out in 1995 as a ship management joint venture with Acomarit, which was acquired by V.Group in 2001, there’s no surprise that we’ve found alignment in our commitment to assure performance of the assets under our management. V.Group is supportive of our team’s vision and growth plans and we are very much looking forward to this next phase of our journey together.”