BW Shipping Managers Pte. Ltd. has been renamed BW Maritime Pte. Ltd. as part of an internal reorganization to leverage strengths across the BW Group.
‘Under its new name, the company will continue to be responsible for all tanker fleet commercial activities along with a number of corporate activities within the BW Group. Additionally, it been registered in Singapore’s Approved International Shipping Enterprise (AIS) scheme from 1 January 2009. AIS provides companies with a tax exemption on income from the operation of ships outside of Singapore for a period of 10 years. “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 rationalizing 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, BW Maritime md and Group ceo. The BW Maritime name change coincides with the formation of BW Fleet Management, which combines the strengths of the ship management teams from BW Gas and the former BW Shipping.