Recent tanker disposals in the face of poor markets have triggered the Ofer group to accelerate plans to move around 50 ships of various types to Singapore from its larger shipping operation in London.
London’s Zodiac Maritime Agencies will this year move the management of vessels including bulkers, containerships and chemical tankers to Singapore-based Tanker Pacific, it is understood.
The transfers will leave the two sides of Sammy Ofer Group Monaco more equally balanced, with mixed fleets of around 100 vessels each.
