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Agunsa makes strategic investment in AR Savage

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The North American subsidiary of Agunsa, AGS Agunsa, has acquired a significant stake in the US maritime services firm AR Savage Company, as well as its operating and subsidiary companies.

The deal will bring fresh investment in ship agency AR Savage and Sons, Tampa Bay Ship Servies which offers line handling services, waste removal, hold cleaning and other port services, and AR Savage and Son Advisory service which provides counsel to logistics firms. Tampa-based AR Savage Company LLC serves vessels calling at ports in Florida, Texas, New Jersey, Pennsylvania, Delaware, California, and Louisiana.

"Our customers know they can rely on our companies for exceptional service, tremendous value and objective advice," said Arthur Savage, president, and CEO of AR Savage Company. "Now, the same high quality shipping agency services will be available to our clients globally, as we continue to focus on superior port call management that delivers the best results for them."

AGS Agunsa CEO for North America, Maximiliano Urenda, said the acquisition was part of the company's plan to strengthen itself outside of Chile, specifically in regions like North America.

AGS Agunsa was founded in 2000 as a shipping agency and subsidiary of Chile's Agunsa Corp a part of the Empresas Navieras Group, which currently offers agency, logistics and port services. It owns the terminals Florida International Terminal (FIT) and Agunsa Manatee Terminal (AMT), as well as offering land logistics, air cargo transport and warehousing services.

"With this investment, we further strengthen the quality and coverage of service to our customers, as well as advance our growth strategy based on Agency, Logistics and Ports," said Urenda. "From now on, our plan with this new partnership is not only to strengthen the quality services we deliver, but also to be more competitive and grow in more geographical locations in the region."