WSM Singapore has signed an agreement with APL (Bermuda) Ltd, for the technical management of their feeder container vessel, APL Hibiscus, presently managed by their in-house manager.
Due to business expansion, APL has a need to find external managers to manage some of their fleet. After careful evaluation, WSM has been chosen as the manager.
WSM expect to take over the management of APL Hibiscus in September 2010.