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Bajpaee Elected by ISMA

Maritime Activity Reports, Inc.

October 13, 2005

Rajaish Bajpaee, President and Group Managing Director of Eurasia, has been elected to serve a second two year term as President of the International Ship Managers' Association. The decision to elect him was taken unanimously at the Association's Annual General Meeting in Hong Kong, 12th October 2005. Bajpaee has been instrumental in guiding the Association to a new era of quality assessment through the ongoing development, with the ship owning and management industry at large, of a set of common industry-wide operational Key Performance Indicators (KPIs). Bajpaee said "There are presently huge gaps between the discussions and decisions made at policy making bodies and what actually goes on at sea. The practitioners' viewpoint is missing from the legislative process." KPIs remain at the top of the Association's operating agenda as the association continues its policy of highlighting the role shipmanagement practitioners must play in developing and moulding future regulation of the industry. Work is also underway to move ISMA's emphasis away from being an association representing members' interests, into becoming a bone fide trade association fully representing the needs of the global ship management sector.

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