Procureship opens Singapore office to expand Asian operations

Athens-based Procureship said it will offer its e-procurement system, which uses machine learning and automation to streamline the maritime procurement process, to a wider market and improve its services to shipowners, managers and operators both in Singapore and across the wider Asia Pacific region.

Procureship head of sales Asia Pacific, Prema Muthusamy will run the Singapore office. Ms Muthusamy is a procurement specialist with more than 20 years of experience in the Asia Pacific market. She was previously head of sales at Japan Marine Services and vice president of sales at shipping technology company JiBe. 

“I am pleased to join Procureship at this exciting time for the company and lead its expanded operations in the Asia-Pacific region. Shipping is undergoing a major change when it comes to adopting digital systems to improve operations and it is a testament to Procureship’s system that it is one of the leading digital platforms in the industry,” said Ms Muthusamy. 

Procureship chief executive Grigoris Lamprou said, “I am excited to welcome Prema to Procureship to lead our office in Singapore. With her tremendous background and overarching understanding of digital platforms for the maritime sector, not to mention her passion for the industry, I am confident she will showcase the benefits of Procureship to shipowners and operators throughout the Asia-Pacific region and expand our co-operation with global maritime buyers and suppliers.”

“I understand the unique requirements of shipowners looking to improve their procurement processes, drive down costs, and take advantage of the capabilities that digital platforms offer. Procureship provides all of these in a simple package and is leading the way with the use of automation and machine learning in a way no other procurement provider currently is,” added Ms Muthusamy.

Several Asia-based fleet managers already use Procureship, including Zeaborn Ship Management and Indian firms Suntech Ship Management and Great Eastern Shipping Co. 

Procureship hopes the Singapore office will enable it to work closer with local stakeholders in the region. 

The launch of the company’s office in Singapore follows the opening of Procureship’s operations in Copenhagen, Denmark, in February 2023 as the company tapped into the northern European market. The company said it has also improved the capabilities of its platform by offering features such as an IHM documentation compliance, advanced e-invoicing processing and upcoming freight forwarding optimisation, to its users. These features utilise advanced analytics and automation to improve the operational efficiency of the procurement process.