Singapore-based Mare Maritime Group, which is into proudly owning/working ships, buying and selling and crew coaching/hiring, stated it might arrange its regional headquarters in India to faucet rising alternatives.
The India operations will probably be led by group entity MARE Maritime India Pte. Ltd. which is at the moment into crew coaching and hiring.
“Now we have determined to make India our regional headquarters due to the rising demand for clear petroleum merchandise [CNG, LNG] and edible oils that are principally imported,” Rohit Kapur, founder & CEO, Mare Maritime Group stated.
“Our India workplace will construct one of many largest pool of Helpful-size tankers and the industrial administration of MR tankers will probably be dealt with from India for buying and selling of fresh petroleum merchandise and edible oil,” he added.
Nevertheless, the technical administration of ships will probably be dealt with from Vietnam.
“India is a rising economic system and on account of inhabitants progress the demand for edible oils is rising steadily. Our Medium Vary (MR) tankers will probably be helpful for import of soyabean, sunflower and palm oil,” Mr. Kapur stated.
“Our MR tankers may even be deployed for transportation of clear petroleum merchandise, he added.
“Crew administration and industrial administration will probably be performed by Indian workplace together with buying and selling of fresh petroleum and edible and its warehousing, packaging, distribution and retail administration and provide,” he added.
“After all of the 20 MR tankers are delivered and buying and selling and industrial administration of the vessels picks up, our purpose is to go for an IPO of Mare Maritime Group and checklist in Indian inventory exchanges,” he added.
In addition to Singapore and India, the group has expanded into Kenya and different international locations. Presently, it has about 500 staff in world operations.
The group plans to be a number one participant in MR tankers and provide clear petroleum merchandise to world markets, together with India.
