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TBS Establishes Brazil Flag Service Through Joint Venture
TBS International has gained a foothold in Brazil’s coastwise shipping industry, through a joint venture company called LOG.STAR NAVEGACÃO S.A., or LOG.STAR. LOG.STAR is a Brazilian flag shipping company that will concentrate on the movement of breakbulk, bulk parcels, heavy lift, general and project cargoes along Brazil’s coastline and Amazon River basin. TBS owns 70% of the joint venture with the remaining 30% owned by Log-In Logistica Intermodal S/A (BOVESPA: LOGN3), a premier publicly-traded Brazilian logistics company with major shareholders including Vale and Petros (pension fund of Petrobras). TBS expects to use its international breakbulk shipping expertise to meet the growing demand of a Brazilian coastal and Amazon River domestic transportation service.
LOG.STAR now has acquired its initial fleet and obtained commercial licensing required to start business. LOG.STAR begins life with three ships being supplied by Log-In Logistica – the 11,274 dwt trio Log-In Belém, Log-In Macau and Log-In Manaus. The ships are all Brazilian-flagged, Brazilian-crewed and Brazilian-built. Based on South American trade agreements, Brazilian-flagged ships are automatically allowed to work in the Mercosul market common market, which is made up of Brazil, Argentina, Paraguay and Uruguay.
Joseph E. Royce, Chairman, Chief Executive Officer and President of TBS International commented, "We are very pleased to capitalize on our 15 year presence in Brazil and enter into a new market segment, building on our domestic market knowledge, our international breakbulk shipping expertise and our long standing customer relationships. Brazil’s coastal trade accommodates an increasing volume of cargo, and the Brazilian economy has strong long-term fundamentals. We are pleased to have partnered with such well known and respected industry participants. We believe this new joint venture will position us to further increase our presence in Brazil, strengthen our operational base and provide additional future growth."
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TBS reinforced its commitment to the energy and logistics business by establishing a port warehouse in Houston, the regional project logistics hub. The TBS Logistics warehouse facility in Houston is located in Greensport Industrial Park on the Houston Ship Channel which is convenient to all local terminals and approximately ¼ mile from quayside.
The warehouse facility consists of: 40,000 square feet, 400 x 100 of indoor space, one 50 ton overheard crane, one 15 ton overhead crane, ground level & truck well for receiving van & flatbed freight and approximately 2 acres of laydown area. TBS’s warehousing services provide added value to supply chain management, enabling our customers to focus on what they do best: running their business.
Warehouse Expansion Adds Value to the Supply Chain
The Ideal Transportation Solution For You
TBS Warehousing Services are designed to meet the needs of clients in a myriad of ways:
- Receiving, staging and distributing cargo—both imports and exports
- Outdoor and indoor storage
- Material verification
- Tracking & tracing
- Export packing
- Documentation
- Pre-shipment inspections
- Containerization
- Freight consolidations
The goal of this warehousing initiative is to manage the supply chain from start to finish through the power of TBS’s 5 Star Service. With warehouses in Peru, Ecuador, and Houston, TBS can not only transport cargo from different parts of the United States but also load them on our ships and bring them to markets in South America, where TBS can perform port operations, warehousing and internal logistics.
In Peru, the Callao warehouse specializes in the handling of general and project cargo, and is located less than 2 kilometers from Matarani Port and close to main mining areas in the south of Peru. A third warehouse lies along the Peruvian banks of the Amazon River in Pucallpa, less than 5 kilometers from the port. In Ecuador, the Pifo terminal warehouse specializes in oil & gas and project cargo and has storage capacity for imports and exports. It is a bonded warehouse located 10 minutes from the new airport of Quito. TBS also operates a terminal warehouse in Guayaquil, specializing in metals, steel products, general and project cargo.
TBS reinforced its commitment to the energy and logistics business by establishing a port warehouse in Houston, the regional project logistics hub. The TBS Logistics warehouse facility in Houston is located in Greensport Industrial Park on the Houston Ship Channel which is convenient to all local terminals and approximately ¼ mile from quayside. The warehouse facility consists of: 40,000 square feet, 400 x 100 of indoor space, one 50 ton overhead crane, one 15 ton overhead crane, ground level & truck well for receiving van & flatbed freight, and approximately 2 acres of laydown area.
TBS’s warehousing services provide added value to supply chain management, enabling our customers to focus on what they do best—running their business.
TBS is Exhibiting at the 21st Breakbulk Americas Transportation Conference & Exhibition
TBS will be at the 21st Breakbulk Americas Transportation Conference & Exhibition, taking place October 12 - 14, 2010 in Houston, Texas, USA. Come visit our TBS representatives at the upcoming Breakbulk Conference, booth 543.