Page 80 - Next Generation 2015 - Digtial Issue
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Next Generation On our radar
After brief spells at American Eagle Tankers and PKF Nigeria Emmanuel Umoroi
Dubai, he joined the family group full-time in January 2010.
Today he oversees the financial, commercial, operational and MANY would consider Nigeria to be among the more hostile
administrative departments of the company and is a board locations to start your own shipping company, but that is exactly
member on a number of the group’s subsidiaries. what 39-year-old Emmanuel Umoro did after meeting a broker
who was on a mission to dispose of some tankers in 2013.
Singapore Giles Fearn
The Great Nigeria Tanker Co may only own two tankers of
GILES Fearn may now be group chief executive at Petredec, 6,500 dwt and 5,500 dwt respectively, but it is making waves.
but it took him the best part of 14 years to get there. The son of
Charles Fearn, one of the Singapore’s company’s joint owners, A source — who asked to remain anonymous, but has
Giles joined Petredec in 1996 to trade pressurised LPG in Europe. much gravitas, having held top positions at various John
Fredriksen entities — had this to say about Mr Umoro. “Given
In 1998, he was appointed risk manager and, in 2001, he the lack of refining capacity in Nigeria and the shallow draughts
was transferred to the refrigerated trading division covering the in some of its ports, the lightering and coastal distribution of
North Sea and the Mediterranean. clean products is a vital job played by the coastal tanker fleet.
He relocated to Singapore in 2003 as Eastern trading “Emmanuel Umoro is the dynamic commercial director of
manager and was promoted to global trading manager in 2008, Great Nigeria Tankers, working in the high-pressured coastal
before finally securing the top job in 2010. trade spot market in Nigeria. He has ambitions to expand the
fleet under his control and is a young shipping professional
Singapore Eduardo de Mello Franco on the move.”
IT’S no accident that Vale’s marketing manager for iron ore, Mr Umoro himself is forthright about the challenges that the
Eduardo de Mello Franco, is working in Singapore alongside the Great Nigeria Shipping Co has faced in getting off the ground,
shipping team. from layers of bureaucracy to difficulties in raising capital.
Vale’s fleet of very large ore carriers, built so the world’s “In Nigeria, the shipping industry is managed by political
largest iron ore miner can better manage its freight logistics gladiators who use the position to gratify their own loyalties,”
costs, sit at the core of its sales strategy and are cutting crucial he says. He firmly believes that industry experts should be
spot market business for the global capesize fleet. appointed to manage the industry.
Vale established its shipping team in Singapore several Nigeria Humphrey Nchom
years ago, and as Vale seeks to shift iron ore sales contracts to a
delivered basis, from the free-on-board model favoured before LIKE many maritime professionals, Humphrey Nchom has
2008, Mr de Mello is researching and analysing market trends, enhanced his skillset by spending time at sea. With a BSc
and benchmarking Vale’s performance, including shipping, in his back pocket, he holds a Class 1 Marine Engineer
against industry competitors. (Unlimited) certificate from Singapore and has has served as
a chief engineer on vessels owned by Seacor, Seatrucks and
His resumé suggests he would be an excellent candidate Dredging International, to name a few.
to replace executive director of ferrous and strategy, Jose Carlos
Martins, when he eventually retires. Since 2007, he has been the country manager in Nigeria
for RK Offshore Management, an OSV operator with 20 vessels
South Africa Bongiwe Ntuli on the West African coast.
HER name came up again and again during Lloyd’s List’s next There is no doubting that Mr Nchom has enjoyed a solid
generation research. According to a Grindrod spokesperson, maritime career but that is usually not enough to secure
36-year-old Bongiwe Ntuli is honoured that we believe she is someone an entry in this list. So why has this “well-respected
a rising star but doesn’t think she deserves the attention. We professional in the vibrant Nigerian market” been included?
beg to differ.
Those in the know suggest Mr Nchom may be destined
Since joining Grindrod, which is probably one of the African for a key maritime position, given the political changes under
continent’s best-known shipping names, in 2008, Ms Nutli has way in Nigeria. Lloyd’s List may be calling this too soon,
been a finance director at Grindrod Freight Services and has held but when asked for his views on the priority issues for those
board seats at Grindrod Bank and Grindrod Holdings. charged with looking after Nigeria’s maritime sector, Mr
Nchom’s well-constructed answer was rather statesman-like.
The qualified chartered accountant is currently chief
executive of port, terminals and rail at Grindrod Ltd. “The maritime sector must have the right and experienced
professionals to pilot its affairs and not having square pegs
Prior to joining Grindrod, Ms Ntuli spent several years in round holes. For us to grow beyond where we are now, we
Anglo-American plc in various countries including the UK, must respect professionalism and there must be political will to
Europe, Canada and South Africa, in various finance disciplines, implement good policies to attract investors to the sector.”
including treasury, risk management and internal audit.
Watch this space…
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