Sanko and Hellespont form offshore service vessel JV

Sanko Steamship and Hellespont Group have set up a manning and ship management joint venture to serve their offshore service vessel fleets.The  Singapore-based JV company, Sanko-Hellespont Offshore Management Pte. Ltd. is owned  on an equal partnership basis by Sanko Ship Management (Singapore) Pte. Ltd. and Hellespont Singapore Pte. Ltd. It started operations March 7,  led by Captain Andrew Lidgard of Hellespont, as CEO, and Mr. Yasushi Hashimoto of Sanko, as Chairman.

The companies say the JV gives them both economies of scale in delivering the specialized expertise needed for offshore industry operations and allows them to attract and retain a greater pool of experienced and capable offshore seafarers.

Initially, the company will provide manning and /or ship management services to four 12,250 bhp anchor handling tug supply vessels  and four 3,250 dwt platform supply vessels. A further four new 16,320 bhp AHTS’s and four new 4,700 dwt PSV’s along with some further vessels will enter the JV during 2011-2012, making a total of about twenty units in all.

The company is located at 26-12 International Plaza, 10 Anson Rd, Singapore.

Sanko and Hellespont this year celebrate forty years of business relations during which 36 vessels have been period-chartered by Sanko from Hellespont.

March 15, 2011