News and press releases

 

New vessel on management MV Morning Composer 

11.01.2010 (Ship Management )
WSM Korea is pleased to announce that Morning Composer is taken over on full ship management at 1200 hours on 9th January, 2010 while safely afloat at Ulsan, Hyundai Motor Company.

Morning Composer is a Panama flagged, 6,500 CEU PCTC, built in 2008 at the Hyundai Samho Heavy Industries.  It is the first EUKOR Bare Boat Charter-Hire Purchase (BBC-HP) vessel awarded to WSM Korea. 

BBC-HP vessels are treated as Korean flagged vessel which has very comprehensive Korean crewing requirements.  WSM Korea first acquired its Crewing management license in 2009 after a tedious 1-year process in order to comply with this requirement.  WSM Korea is the first foreign ship management company to receive a Crew Management License in Korea.

In addition to Crew Management License, each BBC-HP vessel needs an additional Crew Management certificate.  All the 8 Korean Officers & Engineers are recruited directly under WSM Korea. 

This achievement opens up opportunities for WSM Korea to take Korean flagged vessels on management in the future.

Capt. Yeong Jae Yang s in command and Mr. Jinsu Lee is the Chief Engineer.  We wish all on board a safe voyage.  The vessel loaded at Ulsan and sailed for Northern Europe.