Seaspan and Anglo-Eastern unveil new joint venture

Hong Kong-headquartered container vessel owner Seaspan Corporation and its compatriot ship manager Anglo-Eastern Univan Group have announced the formation of Sea Sourcing Pte Ltd, a new procurement joint venture that will be based in Singapore.

Seaspan said that Sea Sourcing’s larger scale will provide access to better value propositions, stronger negotiation power, improved risk mitigation, and knowledge sharing as a best-in-class procurement organisation.

“Through this joint venture, supplier prices, as well as associated terms and conditions, can be fully optimised for the benefit of our clients,” commented Carsten Ostenfeldt, COO of Anglo-Eastern, adding, “We foresee exciting developments in the digital space as a consequence of our combined forces and look forward to embracing next-generation digital procurement as a way to further add value for our clients.”

The logo of Sea Sourcing

The new joint venture, which will commence operations in the next month, will also seek to deliver enhanced value to supply partners by engaging them in longer-term partnerships, providing suppliers with increased volumes and stability, according to a statement.

Seaspan’s director of procurement, Gareth Hartlett, and Anglo-Eastern’s procurement arm head, Jesper Larsen, will jointly lead Sea Sourcing.

Seaspan believes that Sea Sourcing will drive enhanced competitiveness through greater economies of scale across the value chain, including optimised sourcing, product development, use of relevant technologies and access to a global network.

Torsten Holst Pedersen, COO of Seaspan, stated, “Sea Sourcing represents a great opportunity for Seaspan and Anglo-Eastern to truly leverage scale in a transparent and efficient manner, ultimately benefitting our respective customers and partners.”