Original news was published on 11 July, 2014
Intermarine signed a joint venture agreement with a Angolan company, Transtar Transitario of Luanda, as partners in the ocean carriage of oil & gas equipment worldwide origins to Angolan ports.
This JV (to be known as Transmarine) satisfies all the legal requirements of Angolan Ministry of Petroleum’s Order No. 127/03 for a local content company. This law, while on the books since 2003, had not been actively enforced until 2013 and now gives priority to local content companies. This will allow Intermarine to offer their services to the partners of Sonangol, the national oil company of Angola, including operators, suppliers and EPC projects at competitive prices and services.
“We understand that the expansion of trade between Africa and the rest of the world has seen transportation requirements and shipping capacities increase exponentially. These expanding markets require a specialized transport carrier to address the needs of key African industries including, oil and gas, energy, mining, and infrastructure,” John Bomer, VP Africa Service, said.
The new JV will deliver operational excellence, technical expertise, a laser focus on quality and HSE, and on-time cargo delivery for which Intermarine is known. The JV will also have access to Intermarine’s Industrial Terminal (Houston), the busiest project cargo terminal in the United States, adding to the JV customer service capabilities.
*NEWS SOURCE
