Global shipping interest in India

India’s booming economy and its potential continue to attract big-ticket business groups. The latest one to drop anchor on the Indian shores is Germany-based Peter Dohle group, one of the world’s largest privately held ship owners.

The group owns about 100 vessels and controls another 240 ships. It will add 60 owned ships to its fleet over the next four years.

In India the group is eyeing investment in a spectrum of shipping activities right from sourcing manpower for its foreign fleet to ship-building.

The company is prudent enough studying all aspects of the shipping business to stay ahead of competition. The group is always exploring opportunities for expansion but study these in detail before taking a leap.

Allen Chartering is headquartered out of the Isle of Man, British Isles, belongs to Peter Doehle Schiffarhrts-KG, the flagship company of the group.

The group, founded in 1956 by Peter Dohle, has shown that it means business in India by picking up equity in Mumbai-based Danautic Ship Management. The five-year old Danautic was set up by Captain Daniel Chopra to provide technical management and ship manning.

Peter Dohle will be sourcing some of its manning requirements from India. The foreign group has also become the first to tie up with the Maritime Institute of India (MTI) – a seafarers’ training institute which belongs to the country’s largest shipping line, the Shipping Corporation of India.

The new joint venture entity Doehle Danautic, has selected its first Indian batch of 25 seafarers to be trained at MTI from January. Globally the Peter Dohle group hires over 12,000 seafarers. A top executive of the Shipping company said that it is just the beginning of a long association with India.

The group, the majority of whose fleet consists of container ships with the rest being bulk carriers, wants to participate in the two international benchmarked shipyards which India wants to set up along the eastern and western coasts. Ennore Port and Mumbai Port will shortly come out with tenders for selecting a consultant for each of these proposed shipyards.

Peter Dohle group is keen to enter into a joint venture with an existing Indian shipyard including L&T’s yard in Gujarat, Bharati Shipyard and ABG Shipyards for its maiden foray in Ship building.

The group is also interested in placing some of its future shipbuilding orders with the Indian yards. It is also open to other partnerships in the ship owning business

Peter Dohle is joining other giants like Maersk, A P Moller, Port of Singapore Authority which have presence in India.