Singapore Shipping Corporation today announced the purchase of a pure car truck carrier, the MV Boheme from the Wallenius Group.

Ow Chio Kiat, SSC’s Executive Chairman, says: “The MV Boheme, which ranks amongst the most modern and largest vessels in the global fleet of car-carriers, will be a good replacement for the much older and smaller car carrier that the group disposed of in December 2009.

“Moreover, Wallenius’ 15-year time-charter commitment for the MV Boheme will help ensure a steady stream of income for the SSC Group. Wallenius and its affiliates command the world’s largest car-carrier fleet with an estimated one-third share of the global car-carrier market, and we are delighted to be partnering with them.”

“This investment alone should see SSC’s fleet through 15 years of continuous employment and will be a fillip to SSC’s efforts to renew our fleet — after our most timely and opportune divestment of 10 vessels, prior to the bottom falling out of global shipping asset prices.”