The company made this decision as part of its recent initiatives to be nearer to current clients and also future market.

As WSM says, "Singapore is an established maritime hub, and a driver of digital innovation that will play a significant part in the company’s ongoing transformation." 

Carl Schou, President of WSM, commented: "At the moment, only a few selected key personnel in the management team will be relocated. Kuala Lumpur will continue to be an important location where shared services and back office functions will remain operating to serve the global fleet."