NSB Group, a German integrated shipping services provider, has entered into a joint venture (JV) with Indonesian shipowner Pelayaran Tempuran Emas (Temasline). The move has accorded the addition of 31 ships under the management of the company.
NSB COO Tim Ponath, said, “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.”
Upto this point, the group had 65 ships in operation, among them two specialized vessels for installing offshore wind turbines. 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.
The JV called Asia Marine Temas will see NSB, the ship management arm of Reederei NSB, take 31 vessels under management under its Asia Marine arm, and bring NSB’s fleet to 96 vessels in total.
Under the agreement, the companies will jointly work on crewing and technical management, with NSB providing staff from its base in Buxtehude, Germany to help support operations in Jakarta, where the JV will be based
Complete integration is expected by 2020.