Southampton: Michael Jay Maritime (MJM) is a new company set up by three like-minded individuals to look at the maritime port and terminal markets. Its goal is to provide a total integrated service and product offering for the sector.
The company is involved in port and marine consulting, as well as being connected to a full range of technology partners, and also providing training courses and recruitment services.
Richard Butcher, a partner at MJM, says the plan for the company is to develop a network of industry consulting partnerships to cover all areas of the port sector and be able to tackle larger scale projects through alliances.
On the container market, Butcher says the market is “still fairly volatile” with overcapacity and diminishing returns on capital investments hitting the leading lines. Nevertheless, Butcher does see some bright lights appearing with growth registered in the Middle East, Africa, South America, the Indian sub-continent and intra-Asia markets.
The port market is growing and analysts predict that by 2017 an additional $250bn will be pumped into the port sector, Butcher recounts.
MJM has signed a big consulting deal with a global port service group, although Butcher is not yet willing to reveal which company has allied with him. “If successful,” he reveals, “it will provide our group with a strategic base and entry into over 190 ports around the world.” [15/01/14]