Affinity arranges first LNG freight derivatives trade

MDN İstanbul

Global port agency business WaterFront Maritime Services (WaterFront) opened a local agency office in Houston, Texas in June. The company, which is one of the world’s largest port agency networks, says its Houston office was established to help charterers, owners, and operators to manage their risk in this strategically important high-volume location.
WaterFront’s Houston office is managed by newly appointed Director for North America Lars Westerberg, a port agency industry veteran who was formerly Regional Director Americas for Seven Seas and Managing Director of Wallem Americas. Prior to these roles, Westerberg also served as Regional Managing Director of Inchcape Shipping Services in North and Central America.
The team in WaterFront’s Houston office will attend vessels directly from Corpus Christi to Lake Charles, including all terminals and all facilities. The Houston office will also serve as the regional hub for WaterFront in North, South and Central America including the Caribbean and is linked to WaterFront’s existing regional hubs in Dubai and Kuala Lumpur to provide 24-hour coverage to its global client base.
Terry Gidlow, Chief Executive Officer of WaterFront, commented:
“On a global basis we see how significant political developments, evolving trade policies and rapid shifts in the supply and demand of raw materials and bulk commodities are impacting traditional trade patterns. Meaning our clients are faced with a whole new range of opportunities and challenges in executing their day to day business. With the opening of our Houston office we are able to bolster the presence we have in other major oil & gas import/export and refining centres such as the Middle East and in Asia.”
The WaterFront global network currently handles more than 45,000 port calls per year through a network of 483 offices in 93 countries worldwide. Unlike other global agencies, Waterfront focuses on providing port and husbandry services for vessels transporting coal, grains, iron ore, minor bulks as well as crude oil, clean and dirty products, chemicals and gas. The company also handles the husbandry requirements of 3rd party and in-house ship managers.
WaterFront’s Director for North America, Lars Westerberg, commented:”By focusing on specific commodities, we can work with customers operating in this region to add quantifiable value to their businesses. Our work is all about understanding our clients business and their specific needs and then using our local knowledge and relationships to assist them to mitigate their risk, turn their vessels and cargoes around faster and save them money, while maintaining the highest levels of safety and compliance.”
Terry Gidlow, Chief Executive Officer of WaterFront, added: “Lars and his team in Houston bring to the table decades of local experience and relationships in ports and terminals throughout Texas. The regional hub function of the Houston office also serves to give our clients in North and South America better access to our global network.”
WaterFront was established by leading regional ship agency businesses Sharaf Shipping Agencies and Ben Line Agencies in 2016. WaterFront is headquartered in Dubai with commercial offices in China, Singapore, Dubai, Norway and the USA. WaterFront has strategic partnerships in the rest of North and South America with renowned local partners such as ACGI on the west coast of the US and Canada, UNIMAR in Brazil and the Ultramar group in Spanish-speaking South America.

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