September 07, 2008

Emarat Maritime eyes more success beyond GCC

Emirates Business 24-7 reported that many players in the global shipping industry are seeking to benefit from the Middle East’s growing shipping market but UAE registered Emarat Maritime continues to set its sights elsewhere.

As per report, Emarat Maritime is determined to maintain its international business model despite the regional successes of the shipping industry resulting from increasing global demand for oil. It is one of the few UAE shipping companies that operates in the tramp trade and concentrates on international waters.

Mr Sharafudin Sharaf chairman of Emarat Maritime and also VP of Sharaf Group said that "Our business model has proved successful over the years and we are not about to abandon it to concentrate on regional shipping. We want to concentrate on the market that we understand better. We have experienced steady growth in our core market since we started our operations and have managed to diversify into several shipping sectors."

Mr Sharaf said that "Building materials such as steel and aggregates are in very heavy demand globally these days. With regard to our ships the surge in export goods from China and other parts of Asia means these routes continue to be lucrative."

Dubai based Emarat Maritime commenced operations in 1990, focusing primarily on the agriculture products trade from the Indian subcontinent. Its core markets remains India, China, Indonesia and Australia but its ships go as far as the United States, South America and West Africa. Emarat Maritime has a fleet of 10 bulk carriers with 5 more under construction and due to be delivered by January 2013. It also has 4 liners.