BW Shipping renamed BW Maritime

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BW Shipping Managers Pte has been renamed BW Maritime Pte as part of an internal reorganisation to leverage strengths across the BW Group.

The new entity will continue to be responsible for all tanker fleet commercial activities along with a number of corporate activities within the BW Group. BW Maritime has also been registered in Singapore’s Approved International Shipping Enterprise (AIS) scheme from January 1st 2009. AIS provides companies with a tax exemption on income from the operation of ships outside of Singapore for a period of 10 years.

The BW Maritime name change coincides with the formation of BW Fleet Management, which combines the strengths of the shipmanagement teams from BW Gas and the former BW Shipping. BW Fleet Management is led by Managing Director Morten Steen Martinsen, with teams based in Oslo and Singapore, and will manage the BW gas and tanker fleets.

“These new names do not reflect any change in the substance of who we are or what we do, but represent a step forward in rationalising the structure of the group, allowing us to benefit from groupwide capabilities and for BW Maritime to join the Singapore AIS scheme,” said Andreas Sohmen-Pao, Managing Director of BW Maritime and Group CEO.