Sanko and Hellespont join forces offshore

Company News - March 18, 2011

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The Sanko Steamship Co Ltd and Hellespont Group have entered into a joint venture for manning and/or shipmanagement services to Sanko’s and Hellespont’s offshore fleets through their Singapore subsidiaries. 

The Singapore-based joint venture company, Sanko-Hellespont Offshore Management Pte Ltd, owned by Sanko Ship Management (Singapore) Pte Ltd and Hellespont Singapore Pte Ltd on an equal partnership basis, started operations on 7 March, 2011, and is led by Captain Andrew Lidgard of Hellespont, as CEO and Mr Yasushi Hashimoto of Sanko, as Chairman.

Captain Lidgard, who has many years of offshore seagoing experience, agreed with Mr Hashimoto that what he called "a specialised level of experience and the ability to provide and maintain the most experienced crew" is vital to success in the growing market for offshore support vessels. 

"This joint venture gives both companies economies of scale in delivering that expertise, and allows us to attract and retain a greater pool of experienced and capable offshore seafarers,” he said. 

Initially, the company will provide manning and /or ship management services to four 12,250 bhp AHTS and four 3,250 dwt PSVs, plus a further four new 16,320 bhp AHTS and four new 4,700 dwt PSV.

More vessels will enter this Joint Venture during 2011-2012, making a total of about 20 units in all. 

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

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