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Accord aims to double fleet

Accord aims to double fleet
Accord, the Indian shipmanagement company, is aiming to more than double its fleet of managed vessels after being restructured and put under the control of Hong Kong?s Nepa Projects and Investment.

Accord aims to double fleet.

Accord, the Indian shipmanagement company, is aiming to more than double its fleet of managed vessels after being restructured and put under the control of Hong Kong"s Nepa Projects and Investment.

The move was confirmed today by Accord managing director Sanjay Shesh, who also pointed out the company would target older vessels in addition to modern tonnage.

Mr Shesh said the firm was anticipating it would have 15 vessels under full technical management by the end of this year, while overall he said the company had ?a vision of 30-40 ships?. The company currently has about 500 crew of which 60% are contracted on a crew management basis, while the remaining 40% are allocated as part of the full technical management of several vessels.

Mr Shesh added: ?We have been inundated with inquiries in recent weeks as reputable owners with tonnage older than 15-20 years have found it difficult to secure ship management services.?

He pointed out that larger ship management companies are reluctant even ?to offer services to first-time clients with vessels that are more than three to five years old?.

Mr Shesh, who is also Nepa Projects and Investment executive director, said Accord"s two recent additions were for ships on which most ship managers refused to quote. ?Main shipmanagement companies do not focus on older tonnage,? he said.

Nepa project director Pappu Sastry pointed out that among Accord"s specialisations was its management of transhippers. These are capesize and panamax bulkers that have been converted to floating storage and cargo handling vessels that transfer iron ore and coal shipments between lighters and ocean going vessels at draught restricted ports at Goa and Gujarat.

Capt Sastry said Accord managed two transhippers, with a third due to arrive at the end of this month. ?We are looking for more,? he said.

He pointed out that transhippers, with onboard conveyors, cranes and auxiliary power and other equipment, are technically challenging to manage and ship managers are reluctant to quote ?when they get the same management fee for a modern panamax?.

Mr Shesh said Accord"s managed ships also included two 2002-built livestock carriers owned by Italy"s Siba Ships. Other clients included Singapore"s Oceanic Livestock, Japan"s Cido Shipping and Germany"s Saphina Tanker.

www.turkishmaritime.com.tr

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