Nordic Maritime: Seeking new shores of business

 

Singapore: Nordic Maritime is one of myriad Scandinavian shipping companies that calls Singapore home. The offshore specialist is increasingly carving a niche out of Indonesia to cement its strong Southeast Asian business.
 
Founded in 1999, Nordic Maritime now operates seven vessels – both owned and under third party management. The fleet is made up of five seismic vessels and two survey/chase support vessels.
 
There’s also a DP2 multipurpose supply vessel under construction for delivery late this year plus two DP2 400-men accommodation/construction vessels coming into the market next year.
 
Also of interest being built is a catamaran hybrid design under construction for seismic support and chase operation which is due out in the third quarter of next year. “This is an exciting project which can be very interesting for the Southeast Asian market with a low fuel consumption and high functionality to support the seismic survey vessels,” claims Kjell Gauksheim, Nordic Maritime’s ceo.
 
Gauksheim, who joined Nordic Maritime in 2006, says the plan going forward is to grow the company’s seismic and DP accommodation fleets.
 
The company recently set up an office in Jakarta and reflagged two of its vessels to get, what Gauksheim describes as “a stronger foothold in a fast growing and highly opportunistic market in Indonesia going forward”.
 
Nordic Maritime has also looked at Brazil for the accommodation deepwater market, but, says Gauksheim, “this market we have a longer view on and will need to team up with local partner to be able to get into this growing deepwater market.”
 
On market prospects, Gauksheim is confident his two chosen sectors have good supply/demand ratios, something that he is not so sure about in other offshore support divisions.
 
“For certain OSV vessels the market is already facing an overcapacity and supply,” he says. “However, we are very focused on our two segments and have strong belief in these.”  [17/05/13]
 
 
 
NEED TO KNOW:  Nordic Maritime
Founded in 1999 by Norwegians, but headquartered in Singapore this growing offshore owner has a strong Southeast Asian focus with successful deals in Vietnam and latterly Indonesia. Fleet of seven at present, set to grow by more than 50% in coming 18 months. 

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