HONG KONG, May 30 (GCTL) - Hong Kong's Anglo-Eastern Ship Management has formed a strategic partnership with global tanker operator Teekay to pave the way for the creation of a joint ship management firm overseeing part of Teekay's fleet.
The joint operation, which will handle about 50 of Teekay's conventional oil tankers, will be one of the world's largest pacts between an independent ship management company and a shipowner.
Anglo-Eastern and Teekay confirmed the tie-up in notices sent in the past few days to their customers. Anglo-Eastern chief executive Peter Cremers and chief operating officer Marcel Liedts said in their note to clients that they had entered into a strategic partnership with Teekay Corporation, via a memorandum of understanding, and would assist Teekay in evolving their ship management activities in a stand-alone, cost competitive company, using tested Anglo-Eastern Group systems.
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