V.Group expands its third-party tanker management capability

V.Group has acquired Selandia Holdings Pte Ltd and Selandia Ship Management Group. Selandia will continue to operate as an independent ship management brand within V.Group. 

“By joining our portfolio of ship management businesses, we can offer Selandia Ship Management Group’s existing clients significant economies of scale and enhanced global responsiveness," V.Group president and chief executive Clive Richardson told Tanker Shipping & Trade. "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.”

Selandia Ship Management Group started life as a joint venture between Selandia Holdings and Acomarit. The partners went their separate ways when Acomarit was acquired by V.Group in 2001.

Today Selandia Ship Management Group operates out of offices in Singapore, India, the Philippines, Russia and Latvia.