Fleet Management is swelling its ship-management base in Singapore, in part through a new joint venture to manage the dry bulk fleet of Japanese owner Marubeni.

Kishore Rajvanshy and Tomohiro Endo announced the joint venture to TradeWinds, after celebrating the launch at the new company’s Singapore base. Rajvanshy and Endo are the managing directors respectively of Fleet Management and Singapore-based Marubeni subsidiary MMSL.

MaruFleet Management will start life with a substantial fleet, comprising all Marubeni’s bulkers from handysize to kamsarmax, some currently managed in-house.