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Singapore-based liner operator SeaLead Transport has been taken over by a gaggle of 4 traders who’ve appointed an interim boss, with Henry Schmidl exiting the corporate.
Established in 2017, Sea Lead is ranked sixteenth by Alphaliner. The corporate operates a fleet of 32 chartered-in ships on providers that hyperlink Asia to the Indian Subcontinent, the Center East, the Mediterranean, and the US West Coast.
The corporate stated that with speedy impact it might be owned by Singapore’s Eurasia Capital, Cayman Islands-registered Entry Capital Funds and Mauritius-based HCP Investments and Saral Incorp VCC SubFund, who will arrange a brand new board of administrators.
“The transition to new possession is pushed by SeaLead’s constant efficiency and potential for additional improvement within the container transport business,” the corporate stated in a launch.
SeaLead’s managing director Henry Schmidl (pictured) will go away the corporate as a part of the “strategic realignment” beneath the brand new possession and, within the interim, get replaced by SC Chan, a strategic advisor to SeaLead since November 2022 and a former managing director at OOCL Singapore.
This transformation is just not anticipated to result in any disruption to Sea Lead’s operations, making certain a seamless transition for purchasers, workers, and companions, the corporate added.
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