Provided consultancy services and expert opinion on the shipping portfolio owned by Dar-AL-Maal Islami SA, a Saudi Bank based in Geneva owned by HRH Prince Faisal, as well as to Inter Maritime Shipping, part of Inter Maritime Bank.
§ Director of Gulf Marine Services, which owned and operated on behalf of the Gulf Group 5 product tankers and 5 crude carriers in the Suezmax and VLCC Sectors.
§ Negotiated, executed and commercially operated a 5 year bareboat charter with UASC (United Arab Shipping Company) for 16 Multi-Purpose Tweens of 23k dwt size with heavy gear.
§ Represented Gulf Group at Board level, overseeing the Joint Venture between Gulf Group & Eagle Container Lines, which operated a liner service from Australia and the Far East to Europe via the Middle East.
§ Director Hanza Project Services Gmbh Bremen.
Hands on Shipping Expert
Successfully negotiated multimillion dollar contracts with global organisations and leading ship owners, operators such as Bergersen, Wilh Wilhelmsen, Seateam (Frontline), Smedvig, Jorgen Jahre, Bergheshav, A.P. Moller, NITC, KOTC, UASC as well as dealing directly with TotalFinaElf (Total), Shell, and via co-brokers fixed with BP, Petrobras, Exxon, Mobil, Ssangyong (S-Oil) and CPC (Chinese Petroleum Company).
Served as Chairman of the Equasis Editorial Board, which plays a key role in the shipping industry, promoting quality and safety in Marine Transportation. Equasis is at the heart of the Quality Shipping Campaign.
Bareboat, Period Time Charters, Pooling Agreements/ COA’s
Utilised extensive industry relationships to capture 100% of the Norwegian crude tanker market, covering oil movements for NITC (National Iranian Tanker Company) and capitalising on expertise as an owner’s broker and cargo broker.
Successfully sold vessels to cash buyers for recycling in India, Pakistan, Bangladesh, China. Analysed, Negotiated and performed COA’s (Contracts of Affreightment).
Sale & Purchases
Successfully bought and sold ships for my Principles as well as for 3rd parties such as NITC for whom I bought and sold 50% of their fleet as well as conducted S&P activity for KOTC (Kuwait Oil Tanker Company).
Monitored the performance as well as saving my Principals extensive costs in Drydock expenses, monitoring expenses from shipmanager’s such as Wallems Shipmanagement Ltd,
Managing the Manager
Monitored the performance and saved my Principals extensive costs in Drydock expenses, monitoring expenses from shipmanager’s such as Wallems Shipmanagement Ltd, Schulte Shipmanagement, Anglo Eastern Group Ltd.
Vetted commercial management agreements, chartering practices, pool agreements, Period Charter Parties, COA’s, TCE calculations and voyage profits, bunker costs.
Investment advice or Workouts to Equity Houses, Hedge Funds, KG companies, Private investors
A forward-thinking international Senior Shipping stalwart with an unwavering record of success in advising global operations on the profitability of investments and workouts in the Maritime industry. Highly accomplished with outstanding leadership credentials, a strong strategic and visionary approach, the ability to negotiate multi-million dollar contracts with senior decision-makers and key stakeholders. Recognised for outstanding contribution to the shipping industry, demonstrating entrepreneurial vision and innovation to inspire achievement of commercial objectives.
Riaz has over 40 years of experience in the Maritime Transportation industry. He has served on the board of companies, ran a commercial operation of a fleet of 16 Drybulk vessels, 5 Crude and 5 Product tankers. Riaz has hands-on experience in chartering, negotiating and executing COAs, as well as in sales and purchase and selling vessels for recycling.