Singapore-based liner operator SeaLead Shipping has been taken over by a group of four investors who have appointed an interim boss, with Henry Schmidl exiting the company.
Established in 2017, Sea Lead is ranked 16th by Alphaliner. The company operates a fleet of 32 chartered-in ships on services that link Asia to the Indian Subcontinent, the Middle East, the Mediterranean, and the US West Coast.
The company said that with immediate effect it would be owned by Singapore’s Eurasia Capital, Cayman Islands-registered Access Capital Funds and Mauritius-based HCP Investments and Saral Incorp VCC SubFund, who will set up a new board of directors.
“The transition to new ownership is driven by SeaLead’s consistent performance and potential for further development in the container shipping industry,” the company said in a release.
SeaLead’s managing director Henry Schmidl (pictured) will leave the company as part of the “strategic realignment” under the new ownership and, in the interim, be replaced by SC Chan, a strategic advisor to SeaLead since November 2022 and a former managing director at OOCL Singapore.
This change is not expected to lead to any disruption to Sea Lead’s operations, ensuring a seamless transition for customers, employees, and partners, the company added.
