Establish Joint-Venture with a ship management company

The client owns more than 100 tankers and gas carriers and transports more than 100 million tonnes per annum across the world. The company operates around 400 tankers. The company appointed Drewry to perform an independent study to screen potential ship management companies, and to shortlist the most suitable one to establish a technical ship management company joint venture. The study involved reaching out to top 12 independent ship management companies and a high-level economic assessment of the optimal size of the fleet of the JV.