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Shipbroker IFCHOR opens up in Dubai

Lausanne-based international shipbroking company IFCHOR has opened a new office in Dubai under the name IFCHOR Middle East, aiming to conduct primarily dry business across the GCC region.

"Dubai is the hub of the expanding Middle East maritime sector and we are very excited about our first ever office in the region,” said group ceo Manu Ravano (pictured).

 IFCHOR Middle East will offer “independent shipping market expertise to charterers, owners and operators in the region, backed up by our global office network,” he added, providing “a full spectrum of services from physical freight broking to freight strategy and risk management, as well as projects consultancy.”

The office will be led by Yehia Ghazzawi, who comes from a shipping family and has 15 years’ experience in the industry, first as a shipbroker and after that handling dry bulk freight at agricultural conglomerate ETG Agro. He will manage a team of three to four brokers initially.

In a separate move IFCHOR announces that George Eliades, formerly Braemar ACM’s head of S&P in China, has joined the group as co-director of Sale & Purchase, alongside Tiziano Paravagna. He will work in the Greek office, bringing with him “a wealth of experience in the S&P sector, specifically newbuilding contracting with an emphasis on Chinese yards”.

IFCHOR celebrated its 40th anniversary last year, and currently employs a total workforce of more than 140, spread across a network of nine offices worldwide.

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