V.Group and Norstar aim for Chinese shipbuilding market
New joint venture in shipbroking and newbuild placement

 

V.Commercial, a business unit of V.Group, the world’s largest supplier of marine support services and leading ship broker Norstar have launched V.Star Shanghai, a 50/50 joint venture.

V.Star Shanghai is focusing primarily on the brokerage and placement of newbuild orders at Chinese shipyards. It will also add value to its services by cooperating closely with SeaTec, a V.Ships company already well-established as a consultant to Chinese shipyards. SeaTec offers support ranging from on-site supervision to design and general consultation.

“With the outlook for Chinese shipbuilding stronger than ever and the resources of Norstar and V.Commercial at our disposal, we look forward to building a successful business here in China,” commented Jan Kuehnbaum, Managing Director of V.Star Shanghai.

V.Star Shanghai’s new offices are located at:
69 Dongfang Road, Room 2211
Pudong New Area, Eton Place
200120 Shanghai, China
Email: brokers@vstar-shanghai.com
Phone: +86 21 58777661
Fax: +86 21 58777662


Through its three business units, V.Ships, V.Investments and V.People, V.Group provides ship management and related technical services to over 900 vessels, offers financial and commercial services including ship finance and broking and specialises in personnel recruitment, management and training. Its employs 1,600 office staff in 70 offices worldwide and 25,000 offshore contract personnel.

With offices in Europe and Asia, Norstar Shipping specialises in ship broking of all types of commercial vessels including newbuilding contracts, sale and purchase of existing vessels and long-term period chartering.