Journey of ACE EXIM
We had started selling our metal scrap cargo in South East Asian market in 2006 and the
company Ace Exim Pte. Ltd. was set up in Singapore in the year 2007 with a view of
streamlining the marketing of metal scrap into South East Asian countries. We started an
office in Singapore and established markets in Thailand, Vietnam, Malaysia and Indonesia.
Call it our prudence or an opportunity in disguise; due to the financial crisis of 2008, the
entire worldwide shipping industry was hit hard; hence there was an increase in the number
of ships available for recycling. This accompanied by our established presence in global
trading markets, reliable contacts with banks, financial institutions spread across India,
Singapore, Europe and U.A.E, we set foot in the Sale and Purchase of Ships for Recycling
which in the industry is also called the business of Ship Cash Buying for Recycling.
Ship Recycling being our family business and having long standing relations with most of the
Indian Ship Recycling yards, we had an established in-house market for our vessels. While
this helped us in rapidly establishing ourselves, since 2009 we have been selling most of
our vessels to third party ship recycling yards in India, Bangladesh and Pakistan. Ship
recycling being our parental business and with the help of close friends in the industry, we
have been able to reach amongst the top Cash Buyers in relatively short period.