Sanmar Group, operating in the international tanker market, has emphasized the importance of its presence in Singapore for both operational and strategic efficiency. The company’s Chairman, Vijay Sankar, has announced plans to expand its fleet size to 20 ships in the coming years. Currently, Sanmar Shipping Limited (SSL) operates a fleet of 10 ships, including tankers and LPG carriers. Managing Director, CV Subba Rao, highlighted the company’s focus on the LPG sector and its strong position in the Clean Petroleum Products market.
According to Divay Goel, Chief Investment Officer at Prudent Shipping Investments Pte Ltd, Singapore is a natural choice for Indian shipping companies looking to expand internationally, citing the cultural and linguistic connections between Singapore and India. The city-state’s status as a hub for shipping and its multicultural environment make it an attractive location for companies seeking to grow their global presence. The article also mentions the establishment of an office in Singapore by Amogy, further highlighting the city’s appeal for international shipping companies.
Overall, the article emphasizes the significance of Singapore as a strategic location for Indian shipping companies looking to expand internationally, citing its cultural, linguistic, and operational advantages. The plans for fleet expansion by Sanmar Group and the positive outlook for the LPG sector further underscore the company’s commitment to growth and its confidence in the Singapore market.
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