Hong Kong headquartered Fleet Management has planted a third flag in Europe with a new subsidiary in the Netherlands.

It has taken over NAESS Ship Management in Amsterdam, adding to existing European arms in London and Cyprus.

Kishore Rajvanshy, managing director of Fleet Management, says an initial 13 ships will be run out of the Amsterdam office.

Fleet believes the takeover will allow it to better serve both existing and potential clients, a spokesperson says.

"Fleet has 480 plus ships under full technical management with 20 plus ships traversing North European waters at any time.