West Asia Maritime Overseas Private Limited (“WAMOPL”) was incorporated in Singapore as a subsidiary of West Asia Maritime Ltd, Chennai on 5th October 1999. It is a non-resident Singaporean Company. And another subsidiary WAM Singapore Private Limited ("WAMSPL") was incorporated as a resident company in Singapore on 12th July 2004. It has received the Award of Approved International Shipping Enterprise (AIS) which shall take effect from 1 September 2008.
These subsidiaries undertake spot shipments or a COA of a significant quantity that needs to be moved in multiple shipments over time periods that might be more than a year which may include multiple port (can be in different continents) loading, multiple port discharging, different cargo sizes and other related flexibility.
WAMOPL and WAMSPL enter into long-term and short-term charter agreements with ship-owners world over to perform their cargo movement obligations. They charter in vessels worldwide, particularly in Atlantic, Mediterranean, Pacific, & Indian Ocean regions and of various sizes such as geared handymax, geared & gearless panamax vessels. They are able to control a larger fleet as well as to provide customized ocean transportation solutions for each customer’s requirement for the movement of dry bulk and liquid cargoes.
The volume of cargo handled under this model has steadily increased. The Compounded Annual Growth Rate of the subsidiaries during the past 10 years of operation is 44% in terms of cargo volume and 82% in terms of turnover. .