Seaarland Sets up in Singapore

Seaarland Shipping Management has set up a commercial office in Singapore and made a strategic move into both the large dry bulk and suezmax tanker sectors. The new Singapore company, Seaarland Management Services Singapore, will manage the commercial business for four 115,000 dwt mini-cape bulkers ordered by Seaarland last week from China's New Times Shipyard, and spearhead expansion for the group into Asia. At the same time Seaarland has taken a suezmax tanker on a five year time charter as a preliminary to extending its existing aframax and product tanker fleet into the suezmax market.