THE most valuable asset in the ship management business is people, managing director of the Eurasia Group, R. Bajpaee, says. He said though technical services were important, the people in the business should come first. A ship management firm could not work with the officers and seafarers on board a US$50 million vessel as if they were numbers, Mr Bajpaee said. 'Ideally, a ship management company should manage between 35 and 40 ships,' he said, adding that ship management was a personalised service. If a company managed too many vessels, it would be difficult even to remember the names of the captains of the various ships, he said. Although ship management was a growth industry, it was not one from which large amounts of money could be made, Mr Bajpaee said. He said the industry had come a long way since the days when ship managers took seafarers from any country and supplied them to shipowners. As one of the founder members of the International Ship Managers' Association (ISMA), Eurasia has adopted the code of ship management standards. It has ISO 9002 certification and satisfies International Ship Managers (ISM) and Det Norske Veritas' Safety, Environment Protection (SEP) standards. The Eurasia group is 100 per cent owned by the Hamburg-based Schulte Group's management with about 260 vessels under its management.