Vantage Corp Inks LOIs to Expand Shipbroking in Greater China

The international shipbroking firm, Vantage Corp has announced that its wholly-owned subsidiary, Vantage (BVI) Corporation, has entered into two non-binding Letters of Intent (LOIs) to acquire Hong Kong and Mainland China-based shipbroking and maritime services companies.

The step follows closely Vantage's proposed takeover of a Singaporean shipbroking house and represents the company's first official move to create an operating hub in the Greater China region.

Through these acquisitions, Vantage is setting out to establish a tri-hub model centered on Singapore, Hong Kong, and Mainland China as it deepens its roots in the most critical shipping and trade lanes of Asia.

Key Highlights:

• Vantage Corp’s subsidiary signs two LOIs to acquire shipbroking firms in Hong Kong and Mainland China
• Expansion marks first step toward building a tri-hub model in Singapore, Hong Kong, and Mainland China
• CEO Andresian D’Rozario says acquisitions strengthen global reach and improve service across key trade routes

"These strategic acquisitions are part of our long-term master plan to expand into Southeast Asia's most important maritime markets. Having a presence in Greater China is an important step toward our vision of achieving a tri-hub operating model across Asia. This expansion not only reinforces our geographic reach but also positions us more advantageously to service our international client base across critical trade lanes." noted Andresian D'Rozario, Vantage Corp's CEO.

Also Read: South Korea's Hyundai shipyards unite for MASGA push

D'Rozario also pointed out that by combining Vantage's growing Asia operations with its increasing Middle East presence, the firm is "building one cohesive and scalable business that improves operational efficacy, drives greater market penetration, and allows us to realize synergies between regions."

The LOIs provide the structure for future acquisitions, subject to due diligence, approvals from regulatory bodies, and signing of definitive agreements. Particulars will be announced upon closure.