Hydromax to keep services at par with international standards-A A +A
Saturday, October 20, 2012
AYP Holdings Inc. subsidiary Hydromax is planning to secure accreditations from at least four more international organizations after being awarded one by the Loyds Register, an accreditation body based in Europe, last August 27.
Hydromax is a professional dive services that is serving the shipping lines in the country in terms of the maintaining quality of the vital parts of their ships like propeller.
In an interview on Friday, AYP Holdings Inc. president Albert Pingoy underscored the importance of acquiring accreditations from these international organizations as this will keep their services at par with international standards.
"Loyds has the international listing of all the accredited service providers in the world. These companies would always like to be serviced by the accredited service providers," Pingoy said.
Hydromax has an application at the Det Norske Veritas (DNV) in Europe for another international accreditation. The company also plans to apply at Bureau Veritas in Europe, American Bureau of Shipping (ABS) in United States of America (USA), and Nippon Kaiji Kyokai or the Class NK based in Japan.
Pingoy said he is optimistic to bag those new accreditations since they already are awarded with the Loyds Register, which is said to have the most stringent regulations in terms of certifying an accreditation to any professional dive service providers.
"Loyds is the oldest shipping regulation organization that certifies just any service providers who meet the international standards," he said.
Rowell Laurete, operation manager of Hydromax, said shipping lines can cut cost on fuel consumption at least 15 percent to 20 percent through the services they offer every three months.
He said Hydromax has currently more or less 30 client shipping lines from all over the country. Each company owns at least 10 ships, needing quality maintenance.
Most of these companies are based in Europe. Some of the companies include Horizon Lines in USA, MB Tyson and Eurobulk.
Pingoy said they are eyeing at least five to six ships a month.
Htyromax, he said, can earn around $50,000 a month, translating to P2.1 million a month for just five boats.
The firm started operating in 2008. He added that they are also planning to expand its office in Cebu City.
"The Cebu office will be more of exposure that we are existing," Pingoy said, adding that at least P5 million is needed to put up another branch there.
He said Wind and Wave, another subsidiary of AYP Holdings Inc., is a backbone in establishing Hydromax.
"It's a natural course that we enter this business. Those who have no experience in terms of recreational activities, putting up this business is two steps higher," Pingoy said, referring to the Wind and Wave, being a subsidiary that offers water sports activities. (Antonio L. Colina IV)
Published in the Sun.Star Davao newspaper on October 20, 2012.