Bibby Ship Management has formed a strategic alliance with Singapore-based United Ship Management to capitalise on business opportunities in the growing Chinese market.
The joint venture, to be known as Bibby-USM Shipping Pte Ltd, has been set up as an independent company by both companies to help diversify operations into the North Asia region, targeting China and Taiwan for specialist sectors such as offshore, oil and gas, LPG and LNG.
Bibby Ship Management is a prominent player in the offshore market; a sector which is highly specialised due to its complexity. United Ship Management offers strategic partnerships with Owners across the North Asian markets. Drawing on each company’s areas of expertise, Bibby-USM Shipping Pte Ltd will offer a series of comprehensive one-stop-shop marine services such as Technical Management; Consultancy; Crew Management; Offshore Training; Surveying and Marine Travel.
Arvind Mohan, Managing Director of Bibby Ship Management’s Singapore operation, said: “We are looking forward to working with United Ship Management to venture into the Chinese market through Bibby-USM Shipping Pte Ltd. We believe the alliance will open up new opportunities for us in this fast moving and important shipping region. It is an exciting time for our business and for the maritime industry as we expand further afield.”
Kelvin Sun, Managing Director of United Ship Management, added “Bibby Ship Management brings a wealth of knowledge and industry expertise to Bibby-USM Shipping Pte Ltd and we look forward to working with them. With the new JV, we are confident and determined to be one of the major ship managers in these specialised and niche sectors.”
Both Bibby Ship Management and United Ship Management will continue to deliver their independent strategies outside of this specific target market.