Kreuz Subsea vows to continue focus on Middle East

In keeping with several Singapore-based owners, subsea company Kreuz Subsea said it plans to continue to focus much of its attention on the market in the Middle East.

Seeking utilisation, Singaporean owners have deployed larger numbers of vessels to the Middle East, a move that has aroused concern among regional owners, who say around a quarter of the vessels in the region are from Singapore.

Announcing the strengthening of its senior management team with two appointments at its headquarters who will support its global expansion plans, the company reiterated that the Middle East market is firmly in its plans, along with India and Asia Pacific.

Pradeep Verma has joined the company as chief commercial officer while Marek Kaminski has joined as director of marine assets.

Mr Verma will be responsible for strengthening the company’s position in its core markets of India, Asia Pacific, and the growth of business into the Middle East market. He joined the business from Larsen & Toubro Ltd where he was most recently head of business development – offshore.

Mr Verma said “It’s an exciting time to be joining the business as it looks to enforce its ambitious growth strategy and expand into new markets such as the Middle East while continuing to support our clients in southeast Asia and India.”

Mr Kaminski joined the firm from Subsea 7 where he held the role of regional vessel and asset manager, based in Houston, Texas. He also worked at EMAS Offshore Ltd for five years and Rubicon Oilfield International prior to this.