Ideocean

Ideocean and Aethon strategic alliance aimed at Middle Eastern market

Press Release   •   Oct 03, 2012 15:48 SGT

Dubai, 2nd October 2012

Singapore and UK based Ideocean Group today announced a strategic alliance with Dubai based Aethon Marine Services. The businesses will jointly venture into consultancy and project development services in the shipping, offshore and marine infrastructure markets in the Middle East.

Capt. Pradeep Singh, Managing Director of Aethon Services commented,“In close discussions with our regional client-base; we recognize an imminent requirement for strategic advisory work, as maritime businesses and investors consider the challenges and opportunities that the prevailing market conditions pose.”

Aethon Marine Services, with its team of 30 maritime experts, focuses on project development and maritime operational advisory services. It’s portfolio of services includes operational and technical advisory, project development, risk management and inspections.

Pradeep announced that “Ideocean and Aethon are seeking to broaden our retained panel of experts and will broaden our resources focused on offshore and tanker tonnage in particular. We will also expand our regional coverage to markets including Indian Sub-continent, SE Asia and beyond.”

Ideocean Group is similarly focused maritime advisory business that will bring together C-Suite expertise from across the industry and will focus on performance-based engagements with trade players as well as financial investors in the maritime markets.

Manish Singh, Group Managing Director at Ideocean, announced that “Ideocean is delighted to partner with Aethon Marine Services in our journey to establish ourselves as a strategic advisory business of choice. The management team of either group; share a long-standing relationship and deep congruence in our approach. Both our groups are committed to exploring relationship engagements that go beyond the standard fees based consulting approach and could involve selective investment opportunities with our principals. In such challenging times; businesses are looking for their industry partners to put skin in the game. We see the Middle East as a fast emerging maritime region and shall focus our resource base in this region on Dubai and Abu Dhabi, going forward.”

 

Ideocean maintains access to top talent and development of personnel as top priorities in such changing times. Manish Singh commented that “In addition to the expansion of our advisory panel, Ideocean is also in the process of investing in maritime knowledge based capabilities. Ideocean sees potential in the Middle Eastern markets; working with some of the most reputable international names in this sector. We see our commitment to the Middle Eastern market as a catalyst to us establishing ourselves as the market leader in maritime knowledge services in the Middle East market, in due course.”  

 

Press contact: 

Manish Singh, Group Managing Director, Ideocean (info@ideoceangroup.com)

Pradeep Singh, Managing Director, Aethon Marine Services (ps@aethonmarine.com

Ideocean is a strategic advisory business focused on the maritime, offshore and marine infrastructure markets.

Aethon Marine Services, with its team of 30 maritime experts, focuses on project development and maritime operational advisory services. It’s portfolio of services includes operational and technical advisory, project development, risk management and inspections.