Singapore: In this week's issue of Seatrade Asia Week we talk to V.Group's business development director in the region Manish Singh about how the $520m acquisition of the group by OMERS Private Equity will fuel its ambitions in Asia.
"It is a very, very good result. Part of the objective was to find a financial partner that buys into the growth strategy of which Asia is the key," Manish Singh, group business development director in Asia for V.Group, told Seatrade Asia Week.
"The deal will help us do what we want to do in Asia both in organic and inorganic growth."
Lee Hong Liang explores opportunities in Vietnam and an expecting doubling of mainline containership calls over the next two years.
The number of direct weekly calls to ports along Vietnam's Cai Mep-Thi Vai river is projected to almost double over the next couple of years, sparked by the capacity expansion of the container terminals, a port industry executive says.
In Hong Kong Michael Grinter speaks to the new man the helm at Wallem Group, Simon Doughty, in his first interview.
Previously managing director of Wallem Shipagencies, Doughty claims that unlike other shipmanagement companies, Wallem's involvement in every facet of the shipping equation allows it to make a tailored offering to a market in need. "The whole industry [shipping] has to change," Doughty said.
India correspondent Shirish Nadkarni takes an in-depth look at how Sri Lanka is planning to challenge top regional hub ports like Singapore and Dubai.
The Sri Lankan government is basically seeking to close the gap with Singapore, the top container port in the region in 2010, and Dubai, which ranked seventh, according to international port statistics. "A combination of Colombo and Hambantota will compete with Dubai, Singapore and Salalah," Priyath Bandu Wickrama, Sri Lanka Ports Authority (SLPA) chairman.
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