Wilhelmsen Ship Management established joint venture with Aurora LPG
Wilhelmsen Ship Management (WSM) has announced a joint venture agreement with Aurora LPG Holding ASA (Aurora) for the technical management of Aurora's VLGC fleet.
The joint venture will be named "Aurora Wilhelmsen Management Ltd" and will be incorporated in Hong Kong.
Aurora Wilhelmsen Management (AWM) aims to provide quality ship management solutions to Aurora’s fleet with cost optimization.
“We are excited to join hands with Aurora LPG. This is a win-win scenario and this partnership enhances our strengths in the LPG industry as well as confirming our position as a world class ship manager,” says Paal Gunnulfsen, Regional Vice President Asia, WSM.
The partnership is a strong strategic bond leveraging the respective strengths and experiences of both companies.
“The agreement underpins Aurora's focus on operating the fleet with integrity in a cost efficient way and will benefit all the various stakeholders in the company including our customers,” says Nikolai Jebsen, Chief Financial Officer of Aurora.