Pacific Radiance has decided to transfer its Mexico operations to a joint venture with Axis Capital Management, as it looks to bolster its presence in the region.
The Singapore-listed company has clinched a deal that will see Navigatis Radiance – its JV with Axis – take control of the company’s ship management and vessel leasing operations in the region.
Pac Rad’s partner has pledged to invest up to $40m in the joint company.
Pang
