United Arab Emirates-based maritime services company Fujairah National Shipping (FNS) announced plans to increase its market share in the region.
As disclosed, the company wants to become the first ‘one-stop-shop’ maritime services company in the region and further add to its portfolio of services.
Announcing its ambitious growth plans FNS said it wanted to “challenge network rivals in the Gulf by aiming to become one of the top three maritime services companies in the region by the end of 2018.”
The company said that in order to meet its objectives it has brought in a new management team, headed by Chief Executive Officer, Sanjeev Sarin, invested in new physical assets within the port, and launched a new technology platform.
These are said to include the acquisition of ships, including bunker barges, and oil storage facilities.
Furthermore, a new investment is said to be in the cards over the next 12-month period.
“Fujairah National Shipping is perfectly positioned to capitalize on the growing market opportunity at the Port of Fujairah and throughout the Gulf Region. The company’s strong core offering plays a central role in meeting the exacting demands of its ship owner and operator clients,” Sheikh Sultan bin Saleh Al Sharqi, Vice-Chairman of Fujairah National Group, said.
The company is based at the Port of Fujairah, strategically located near the Strait of Hormuz. FNS service portfolio includes agency, husbandry, ship management, repairs, maintenance, oil storage, bunkering, offshore support, crew management, warehousing, and distribution.
“Now, through further expanding our footprint in the region, including exploring new operating locations, and bringing in talented people, we are confident of becoming one of the top three maritime services companies in the region. The company’s many developments, including employing innovative data analytics, will enable us to maintain a leadership position,” Sanjeev Sarin, CEO of FN, said.