Container ship owner Seaspan Corp and ship manager Anglo-Eastern Univan are forming a new procurement venture in Singapore.

The companies said Sea Sourcing will be led by Seaspan’s director of procurement Gareth Hartlett and Jesper Larsen, who has headed Anglo-Eastern’s procurement arm, Ocean Sourcing, since 2018.

The two sides believe the larger scale offered by the tie-up will provide access to better value deals, stronger negotiating power and improved risk mitigation and knowledge sharing.