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McQuilling and IFCHOR form Latin American shipbroking jv

Shipbrokers McQuilling Partners and IFCHOR have formed a joint venture of McQ-IFCHOR SA focused on the Latin American dry bulk chartering and advisory services.

McQ-IFCHOR will be led by Jean Magot from McQuilling's Lima, Peru office.

McQuilling has a significant Latin American footprint and opened its Lima office in 2007 to serve as the base for its Latin American business and IFCHOR has extensive expertise in dry bulk with a strong presence in the Capesize, Panamax and Handy to Ultramax international markets.

"McQ-IFCHOR SA is a bold and exciting move by both companies. Our joint venture with IFCHOR is consistent with McQuilling's long term expansion programme of joining with a valued partner in a strategic market," said John Schmidt, ceo of McQuilling,

Manu Ravano, ceo of IFCHOR, said, "We firmly believe that a combination of IFCHOR's dry bulk expertise, competitiveness and connections and McQuilling's Latin American history and presence will deliver clients with a highly effective shipbroking solution.

“The Latin American market, especially in terms of cargo, continues to grow and this partnership with McQuilling will enable us to provide our clients with greater access to the region.”

McQuilling Partners, with offices in New York, Houston, Lima, Mexico City, Rio de Janeiro, Athens, Dubai, Mumbai, New Delhi and Singapore, is a privately-owned marine services company, specializing in the marine transportation of commodities for a global client base and IFCHOR, headquartered in Lausanne, Switzerland with 12 offices in Asia-Pacific, Europe, Middle East and the US, is a renown international shipbroking company specialized in dry and wet bulk.