Noah Ship Management News

Dubai Council for Marine and Maritime Industries, the umbrella industry body representing the marine and relevant industry, had its first introductory member’s meeting. The meeting sought to introduce the members, lay the broad framework for future operations, brainstorming on pressing industry issues and strengthen the foundation for meaningful networking among industry partners. The meeting was attended by 16 members representing a cross-section of the industry who reasserted their commitment to the Council’s priorities such as promoting overall industry excellence…

So where do you turn when you would like to start your own ship management company, but you need a million dollars and the worst financial crisis of a lifetime has rendered traditional sources moot? In the case of Dubai, UAE-based Noah Ship Management’s Svein Elof Pedersen and Thomas Chacko Arakal, the core tenants of the real estate business – Location, Location, Location – applied to their vision of creating a small, efficient ship management company. “The banks would not even let us in” the front door, said Pedersen.