China central to V.Group’s growth plans

London: China forms a key plank of V.Group’s bold plans to grow sales dramatically.

The sprawling ship services company aims to increase revenues by at least 50% in the coming three years, according to its president and ceo, Clive Richardson, who was speaking exclusively to our new sister site, Maritime CEO.

“Our plans involve growth in our managed fleet in our Asian offices, spearheaded from Singapore and Shanghai,” he said. The group is the world’s largest shipmanager with around 800 vessels in full technical and crew management.

“We have a very strong relationship with China Shipping Group, in our joint venture in Shanghai, CISM,” Richardson said. "Our growth in China will depend upon the continuing strength of that relationship, even where we push for and win third party business.”

The V.Group boss also said that on the back of steady fleet growth the company will strengthen its position in Hong Kong, where it recently opened a branch office.

Source from SinoShip