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V.Group expands in tanker and Asian markets with acquisition of Selandia

V.Group expands in tanker and Asian markets with acquisition of Selandia
V.Group has acquired India’s Selandia Holdings and its subsidiaries comprising the Selandia Ship Management Group, a move that will strengthen V.Group’s tanker and crew management capability in Asia.

Combining the independent operations of Selandia with V.Group’s existing portfolio, V.Group said it now offers the largest ship management fulfillment capability from India and has the widest access to Indian seafarers.

“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,” said Clive Richardson, ceo and president, V.Group.

Selandia, founded originally in Mumbai in 1995, will continue to operate as an independent ship management brand within the V.Group portfolio, helping to enhance V.Group’s resources in the tanker sector.

Naren Bhatt and Umesh Thakore, joint chair of Selandia Ship Management Group, commented: “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.”

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