The Principal of NKD Maritime “NKD”, Narinder Dheir, has been involved in the recycling steel business since 1993. With a background in banking, Mr. Dheir originally ventured into the recycling business through a start-up business, Electra Maritime Limited and soon became one of the leading cash buyers in the ship recycling business.
Between 1993 and 2003, during his time at Electra Maritime Ltd, Mr. Dheir purchased in the region of 250 vessels, including over 30 VLCC's from respected owners such as Shell, Mosvold, Krupp, Karnassis, Drytank, Troodos and British Gas. He also developed partnerships with Companies in India, Pakistan and Bangladesh.
In 2003, Mr. Dheir left Electra Maritime Ltd and set up NKD Maritime. NKD was established to become a niche player in the ship recycling business by primarily focusing on special tonnage i.e. Offshore assets, LNG’s, LPG's, Chemical tankers, containers and reefers. Allied to this was the NKD’s perception that Green Recycling was the future.
Since its inception, NKD has become the forerunner in promoting Green Recycling to Alang, India. Their exclusive partners, the Shree Ram Group “Shree Ram” www.shreeramgroup.in, have spent a considerable amount of time and expense to create what they believe to be the most environmentally green and safe recycling yards in the Indian Sub-Continent.
NKD is Shree Ram’s exclusively nominated cash buyer. In 2018, their ship recycling facilities were all issued with their NK Class Statement of Compliance “SOC” confirming that their facilities are able to recycle tonnage in line with the Hong Kong Convention guidelines. NK Class has the strictest of all classification societies presently issuing HK SOC Certificates.
In recognition of this, Maersk sold the group their first vessels to be recycled outside of China, “Maersk Wyoming” and “Maersk Georgia”.
The yards working with NKD have been audited by major vessel owners and have been approved by IMO, NYK Line, Gearbulk, Transocean, Ever Green and more.