- As Drewry shows SM Line Soon to Join Top 20 Carriers
German ship manager NSB Group has grown its fleet to up to 96 vessels following the formation of a joint venture with Indonesian shipping company Temasline named PT Asia Marine Temas.
So far, the group had 65 ships in operation, among them two specialized vessels for installing offshore wind turbines. With the latest move, NSB Group has added 31 new ships under its management.
With the jv company located in Jakarta, NSB is extending its business in Southeast Asia, as it pushes to reorganize its corporate structure by 2020.
Namely, REEDEREI NSB is extending international ship management activities under the corporate brand name NSB GROUP. Thereby, the company is taking steps to transform itself from a national manager of KG vessels to an international ship manager and maritime service partner.
The company further said that in addition to four primary shareholders, NSB also has ten international players, including those from the financial investor sector, cargo owners, and container lines among its clients.
“The newly established business venture together with Temasline underlines the global focus of NSB GROUP. The partnership is another crucial point of the reorganisation we started with in 2014,” says Tim Ponath, Chief Operating Officer (COO) of NSB.
The expansion of business operations has seen a marked growth of the company’s branch office in China, Asia Marine Shanghai, established in 2014. Specifically, the firm took eight vessels under management last year. Furthermore, the company said that performance of technical management will be extended to China.
NSB GROUP has finalized the company’s exit from German flag after the end of second quarter of 2017.
Both NSB and Temas are engaged in the fields of crewing and technical management.
Meanwhile, South Korea’s recently established SM Line is on the verge of joining the Top 20 of carriers by operated fleet as it continues its second-hand shopping spree, shipping consultancy Drewry informed.
The ambitious newcomer SM Line emerged out of the ashes of bankrupt compatriot Hanjin Shipping, when it first purchased the defunct carriers’ Transpacific non-ship assets for a reported USD 23 million, followed up by acquisitions of 11 former Hanjin container ships and two terminals in Gwangyang and Inchon.
Driven by an abundance of cheap second-hand ships acquisitions, SM Line managed to increase its fleet to a total of 18 ships with an aggregate capacity of 99,800 TEU, as reported in August 2017, along with another five ships totaling 6,000 TEU it has on charter.
The company earlier informed that it’s goal is to operate 30 ships by the end of this year.
Although it could soon break into the Top 20, SM Line “will not become a rival to the elite global lines in the short-to-mid-term, but its rapid trajectory suggests that it will find a niche in the medium-size category,” Drewry said.
“The abundance of cheap ships on the market means that there are still opportunities for ambitious newcomers to force their way in.”
In the six months since the start of operations in March, SM Line has grown its operations so quickly that it now offers a total of nine weekly services; six in the Intra-Asia trade (one of which as a slot charterer), two in the Asia-India trade (both as slot charterers) and one in the Asia-West Coast North America trade, scaled back from an initial plan to operate two Transpacific loops.
More services will follow as SM Line aims to boost its current 50,000 TEU operated capacity at least four-fold, with new services inked for the “near future” that will connect the Far East to the Pacific Northwest, the US East Coast, West Coast South America, Australia, the Middle East and Red Sea.
To assist its international expansion strategy SM Line is to merge with two other SM Group companies, Woobang Engineering and Construction and Korea Shipping Corporation, while closer to home it is entering into a voluntary partnership agreement, the so-called Korean Shipping Partnership (KSP), with 13 other Korean shipping lines to bolster the domestic trades.
World Maritime News