ESM MUMBAI NEW OFFICE INAUGURATION 
ESM PTE LTD NEW OFFICE INNAUGRATION ON 5TH OCT 2004 AT GOVANDI MUMBAI

(A special supplement of Executive News Bulletin, November 01, 2004 )

-Excerpt of Speech by RADM (NS) Lui Tuck Yew, Chief Executive, MPA Singapore.

Mr. Balaji Singh Teeka, Mrs. Singh, distinguished guests, ladies and gentlemen. It is really a great pleasure and privilege for me to be with you here this morning to inaugurate Executive Ship Management's new office premises in Govandi. I think I can speak on behalf of all our guests here, Mr. Teeka, that we are proud to be associated with the growth and success of your company.

But what has impressed me most, actually talking to Mr. Teeka, is not just the rate of growth but it is planned growth. He does not rush into just grabbing as many ships as he can manage. In fact, the focus is on quality and that is an area I'm most impressed with. Because as a young company, the most dangerous thing that can happen is really to grow beyond the capabilities of the company to deliver on its promises to clients and listening to him and his business plans, I take my hat off to you for your pledge to maintain service quality; for expanding still at such an impressive rate. 

Shipping is about a focus on people. People form the lenses through which the entire organization is viewed. Quality people make all the difference. I liken the Master of a ship to being the Chief Executive or the Managing Director of a company. He or she has assets worth several hundreds of millions of dollars under his charge, for that today, is the cost of a ship and its cargo. Pick the right man and he or she will enhance the reputation of your company. You pick the wrong person, you he will provide endless amount of trouble to your operations. Pick the right people, when you go to port, when they make decisions, when they train their people, they are going to make sure that they run a tight ship; they are going to produce and provide good operations and I think the focus of Executive Ship Management is absolutely correct – the focus on quality, focus on people.

ESM's presence in Mumbai is testimony to what India has to offer - talented people who are ready to be trained, who take their profession seriously, who are able to give good value, good quality and I’m pleased that ESM has decided to establish its training premises here with many other offices distributed throughout India to be able to tap that rich source of talent that India has to offer.

Today, the inauguration of this new office represents yet another milestone in ESM’s history. Looking around, taking a tour of the place, I can say that it is well equipped, it is newly renovated and I understand that this office will undertake the important task of management control of all the Indian operations. The former space that this office vacated from will now offer more floor space for the company’s expanding training institute, Samundra Institute of Maritime Studies. As a part of the institute’s expansion, I gather that new facilities like bridge and ship manoeuvring simulator are being built and I look forward to being briefed on these plans and to seeing it come to fruition.

Mr. Teeka, you have prepared well for the future. ESM is in good hands under strong leadership and going through an exciting phase. Third party ship managers are becoming a more popular choice for even more shipping companies especially ship managers who offer value. ESM’s growing fleet size is a strong testimony to the way that the company is heading. So I would like to take this opportunity to congratulate ESM and all who work with her and all her partners for supporting and contributing to its achievements. In fact, the Maritime and Port Authority counts itself as one of the partners of ESM.

We have recently just awarded Executive Ship Management the prestigious Approved Shipping Logistics Status in Singapore last month. The award is given in recognition for its headquarters’ role and its commitments to grow its business in Singapore. ESM became the pioneer batch of 8 shipping companies in management, in agency and logistics that were given this award. I congratulate you once again. The MPA is proud to celebrate another momentous occasion in the history of your company.

Mr. Teeka, the management team and all the staff of Executive Ship Management, on behalf of all the guests here, let me extend my heartfelt congratulations on your outstanding effort in bringing the company to where it is today. I wish all of you continued success in the years ahead.

 -Excerpts  from the address by Mr. B.S.Teeka, Managing Director ESM PTE LTD.

Good evening ladies and gentlemen  

• This is the culmination and happy ending of our two days of events to celebrate our new expansion of the ESM, Mumbai office and the new chapter for our training institute SIMS at Lonavala.

• This is one of the most challenging, exciting and also satisfying time for Executive ship management. We have rightfully made our own space in the international shipping arena having recognised as a world class ship management service provider. Our uncompromising standards and quality commitments have earned us our close partnership with the industry leaders and I personally offer my sincere appreciation to representatives of some of them gracing today's celebration.

• I would like to particularly thank RADM Mr.Lui Tuck Yew, Chief Executive of Maritime Authority of Singapore for gracing this occasion and also bring in two other important officials of MPA to take part in this celebration. Thank you very much sir.  

• We are ever indebted to Singapore government for allowing us to use our own initiative and imagination to create this entirely unorthodox, new era ship management service. We have benefited tremendously by an environment of meritocracy and top class infrastructure without which it would have been an uphill task for an enterprise like ours. The icing on the cake is however, the recent recognition of MPA conferring on us the INTERNATIONAL MARITIME AWARDS 2004 under their Approved International Shipping (AIS) Enterprise program.  

• Mutual trust and respect is the basis of our relationship with all our partners in the business. The trust has been built on the promises kept and commitments accomplished by us at every stage of our relationship.

• Lonavala campus for the Samundra Institute of Maritime Institute is part of our commitment to our clients and to ourselves to ensure that the quality that we have been associated with continues in future too.  

• With an estimated cost of over eight million US dollar, this project is an exclusive contribution of Executive Ship management towards the training of Indian seafarers who are the backbone of our management service. Our focus will be to provide full-scale training to our crew right from his cadetship to his senior-most level. There would be close monitoring and supervision at every stage of training at the institute and on board so that we have a thorough bred seafarer on each position on every ship under our management.  

Thank you very much once again to all our guests for your support and good wishes.

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