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Thursday, 16 June 2011

Graig to manage Chinese-owned vessel

Cardiff-based Graig Ship Management Limited has taken delivery of the 79,600 dwt bulk-carrier King Peace, for which it is providing full technical management and crewing on behalf of Shanghai-based Zhong An Shipping. The vessel was built at China’s Wu Jia Zui Shipyard under the supervision of Graig China Ltd.

Ian Morgan, ceo of Graig Ship Management, says, “This is an important new contract, because it is the first for us as a UK ship manager to manage a Chinese-owned, Chinese-built and Chinese-crewed vessel. It makes a lot of sense, we know the ship inside out because we helped build it, we know bulk carriers and we know China. China is a massive market for maritime expertise and we see this as a first step to a growing business becoming a local ship manager for Chinese owners.”

Managing ships for Chinese owners is a logical step for Graig, which began business in China in 1995, building ships there for itself, then building up expertise in newbuilding supervision and Chinese yard capabilities to help other Western owners to get the best out of China. The next step was to help Chinese yards with new designs, such as the Diamond bulk carriers, and to supervise newbuildings for Chinese owners.

Twenty-two of Graig’s current newbuilding supervision contracts are for Chinese owners, a series of eighteen 76,000 dwt bulkers being built at Jiangsu Rongsheng for Minsheng Financial Leasing Co and four 45,000 dwt bulkers for Shanghai Xiang An Electric Power Shipping Co being built at Chengxi Shipyard. Says Morgan, “We hope to build on this expertise in China to help more Chinese owners to build good ships and manage them efficiently in the global marketplace.”

The Graig Group is a broad-based international shipowning and shipping services group delivering technical and commercial ship management, newbuilding supervision, lay-up services, ship design, ship owning and ship finance to global clients who appreciate personal service.

Graig has been building, managing and owning ships since 1919. Today it provides technical management and crewing for a mixed fleet of vessels on behalf of a number of owners. It has supervised over 120 newbuildings for itself and major shipowners. It provides technical consultancy services to a major European bank with a portfolio of 90 vessels. It develops innovative designs such as the Diamond bulk carriers and it can source yards and finance and provide newbuilding supervision and follow up with in service management. Based in the UK, Graig has offices in Cardiff, London, Shanghai and Singapore.

You can use the download button to get a hi res photo of the King Peace from:


or e mail john@merlinco.com

For more information contact:
Ian Morgan
44 2920 440 200

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