Victory Shipping celebrating 30 years of shipping heritage

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Wins prestigious award for second year running

Victory Shipping is celebrating 30 years of excellence in shipping heritage this year. From its humble beginnings,the company has grown over the years to become a global player in the dry bulk seaborne cargo segment. Headquartered in Singapore, with regional offices in Malaysia and UAE, it opened its local representation in India recently.

Adding another feather to its cap of growth and success over three decades, Victory Shipping was presented the Singapore Enterprise 50 award for the second year running in 2021. The award is a prized recognition of its contributions to the shipping industry as well as to the betterment of society. It reaffirmed the companys standing among the very best-of-the-best in Singapore. Victory Shipping dedicated the award to its clients and its global team who have been the bedrock of its success.

It was in 2011 that Victory Shipping entered the Global Dry Bulk market and, with its firm foundation in the shipping industry, made its name as a reputed international dry bulk operator, in the process building long-standing relations with international trading houses, industry and producers/miners around the globe. 2020 was a significant year as Victory carried 17 million tonnes of cargo and passed the completion of 900 vessels.

It has an average fleet of about 10-15 ships, representing a minimum of 1 million DWT on the water at any given time, which, depending on the current market, may be chartered for trips of short periods or longer duration. Victory primarily operates its fleet in the Supramax, Panamax/Ultramax and Cape segments.

The vast experience and diversity of its team, combined with a healthy mix of high volume and niche market business, have been key to its success. A major part of the companys management strategy entailed following the dynamics of a constantly changing dry bulk market. It is this flexibility and diversity, combined with a solid financial footing, that provides its clientele with the benefit of dependability and commitment, and has allowed Victory to stand the test of time.

Victorys fundamental philosophy lies in an all-round professionalism and close partnership with its customers. The high level standards, ethics and business practices reflect the way Victory treats and treasures its customers and business associates – as partners for the long term, the company emphasised in a statement.

The team of Victory Shipping lives this philosophy and, through its structure, is able to provide its partners with first class shipping services. Its team, based in Singapore, Malaysia, the UAE and India, comprises chartering and operations specialists with backgrounds in multinational trading houses, shipbrokers, shipowners and operators. Placing equal value in both its chartering and operations, Victory is well known for its support/operations team adding high value to its partners by employing a professional and proactive approach, highlighted a company release.