Consolidation seen across so many maritime sectors in the last couple of years has reached the port agency business. Sharaf Shipping Agency from Dubai and Singapore’s Ben Line Agencies have launched a new global agency company for the wet and dry bulk shipping and commodity markets.
Waterfront Maritime Services, which goes live on 1 April 2017, is based on 299 propriety offices across 49 countries, supported with a network of vetted third-party agents worldwide.
Waterfront Maritime Services CEO Terry Gidlow said at the firm’s launch in London yesterday:
“This is a bold move by two of the industry’s most respected regional port agencies and will set a new standard in port agency. Built on solid financial, technical and historical foundations, we are offering a tailored, holistic approach to global supply chains that will set us apart from the competition.”
He added: “Clients have been calling out for a port agency that can provide the best of both worlds: an agency that has real in-depth regional expertise but a single global approach. Waterfront is a 21st century solution that gives the best local expertise possible through a single hub.”
WaterFront Maritime Services is equally owned by Sharaf Shipping Agency and Ben Line Agencies, but will operate as a wholly independent corporate and commercial entity.
The company will be headquartered in Dubai with commercial offices in Singapore and Miami as well as operational hubs in Jakarta and the United Arab Emirates.