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.