Wilhelmsen Ship Management said Thursday it will be relocating its global headquarters from Malaysia to Singapore within the first quarter of this year.
The relocation decision is part of the company’s strategic initiatives to be nearer to current clients and also future market, according to a Wilhelmsen Ship Management statement.
Singapore is an established maritime hub, and a driver of digital innovation that will play a significant part in the company’s ongoing transformation, it said.
At the moment, only a few selected key personnel in the management team will be relocated.
Kuala Lumpur will continue to be an important location where shared services and back office functions will remain operating to serve the global fleet, Wilhelmsen Ship Management added.