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Xihe Group appoints V.Group as technical manager for 16 of its tankers

13 Aug 2020

Singapore-based tanker ship owner Xihe Group of Companies (Xihe) on Wednesday (12 August) said it has appointed V.Group, a leading global provider of ship management and marine services as technical manager for 16 of its modern tankers.  

“This strategic partnership kickstarts Xihe’s engagement of independent, world-class professional companies to provide technical and commercial management for our vessels,” said Kenny Lim, Interim CEO of Xihe. 

“With this appointment, Xihe will also leverage on V.Group’s global network of industry-leading experience, local knowledge and invaluable crewing and technical expertise, to operate our ships at the highest standard of safety, quality and efficiency. 

“We are confident that our clients and stakeholders will benefit from the improved economies of scale and purchasing power through this partnership.” 

Xihe said the vessels are currently anchored off Singapore waters. Ocean Queen (IMO 9368223), a 108,953 DWT oil tanker was the first vessel transferred over to V.Group’s technical management team and the remaining vessels will follow suit in the coming weeks. 

With the addition of these vessels under its management, V.Group has further strengthened its market position in Singapore, noted Xihe.

Under this partnership, Xihe said it will also benefit from V.Group’s innovative IT system, ShipSure, which promotes efficient operations as the system provides access to more than 15 years’ worth of data insights to facilitate industry benchmarking and vessel optimisation.  

“We are proud to support Xihe Group of Companies, and are looking forward to harnessing our scale and expertise to provide a ship management offering which is second to none,” said Graham Westgarth, Chief Executive Officer of V.Group.

“By leveraging our operating model, we are confident we can offer the depth and scale to manage Xihe’s fleet safely and efficiently, thus maximising the value of their assets.”    

Photo credit: Xihe Group
Published: 13 August, 2020

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