V.Ships awarded first contract in Shanghai’s Free Trade Zone with MSFL

V.Ships, part of V.Group, has been awarded its first technical ship management contract in Shanghai’s Free Trade Zone with Minsheng Financial Leasing Co Ltd (MSFL).

The vessels, four 64,000 DWT Ultramax bulk carriers, are under construction at the shipyard of China Shipping Industry Co., Ltd in Jiangsu and due to be delivered over the next year. Technical management for the vessels will be provided by V.Ships’ Shanghai office.

Alexandre Bilokon, general manager, V.Ships Shanghai said: “We are honoured to be able to provide MSFL with our ship management expertise and look forward to establishing a long and prosperous relationship with them. Our local management team is supported by a global network across V.Group and this provides MSFL with a committed and passionate team to help them achieve their business goals.”

A Minsheng Financial Leasing Co Ltd spokesperson added: “We are glad to set up this relationship with V.Ships Shanghai. We are impressed by their international ship management standards and local service, and look forward to developing this relationship.”