An Asian subsidiary of NEPA Shipping in Holland has launched a new set of services offering shipowners an integrated solution including managing their investments,

ownership representation, commercial management, arranging technical
management, dry docking supervision, newbuilding and conversion
supervision, vessel sale and purchase as well as arranging ship
finance.

NEPA Projects and Investments, formed in 2007 and based in Hong Kong,
is the brainchild of Captain Pappu Sastry who previously held a senior
position with a global ship management company. “During my time in the
maritime industry it has become apparent that there is growing demand
from the industry for a company that can provide a wide range of
services and can also be innovative and flexible,” said Sastry who is
Project Director of NEPA Projects and Investments. “There is also
demand from private equity companies related to shipping who want to
invest in the maritime sector and we can provide the advice they need
to secure the deals.”

Captain Sastry said that the industry is highly fragmented with large
companies dominating sectors such as ship management, S&P and
chartering. “We have hired some of the brightest and the best from the
ship broking, chartering and commercial sectors under one umbrella
group that enables NEPA Projects and Investments to deliver customised
services to shipowners and investors,” he said, adding that the
economic downturn has left many banks with distressed assets as
shipping companies are liquidated. These vessels are often laid up
while the banks are charged premium fees by ship management companies.
“This is an opportunity; we can find the cargo for these vessels,
organise the chartering and manage the vessel providing banks with a
return on their assets.”

Source: SeatradeAsia Online

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