Fleet Management buys out NAESS

Fleet Management buys out NAESS

Hong Kong’s Fleet Management has bought out NAESS Ship Management for an undisclosed price, bringing the company’s managed fleet closer to the 500-ship mark.

NAESS traces its roots back to 1973 and over the years has managed a wide variety of vessel types. Its existing mix of ships are bulkers and reefers.

Kishore Rajvanshy, managing director of Fleet Management, commented: “I am very pleased to announce the opening of our new office in Diemen on the outskirts of Amsterdam. This venture is launched with a fleet of 13 vessels. With our offices in London and Cyprus we now operate three technical ship management centres in the region.”

Fleet’s European operations are growing fast. Last week it took an extra floor at its base in Cyprus.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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