GAC opens shipping agency through Bahamas alliance

THE GAC group, a global provider of shipping, logistics and marine services, has announced the signing of an alliance agreement with Bahamian agency Elnet Maritime, to establish a new shipping agency, GAC-Elnet, with effect from March 1, 2011.


Elnet Maritime was originally selected as a GAC network agent when the group decided to expand its network to the Bahamas, to meet growing demand, particularly, from oil companies operating and using the country's storage terminals. The joint venture is expected to serve the needs of international owners, operators and charterers with vessels calling at Bahamian oil terminals or the shipyard.


"Expansion in the Caribbean makes strong business, and Elnet Maritime is the ideal partner to help make that happen," said Lars Heisselberg, GAC's group vice president for the Americas, in a company statement.


It said one of the key reasons the company decided to expand its presence in the Bahamas was "an expected rise in the demand for agency services, partly arising from an anticipated increase in use of the South Riding Point crude storage and transhipment terminal on Grand Bahamas, to supply refineries in the US with crude oil and feedstock."
(Source:http://www.schednet.com)