NOVA MEDIA PUBLISHING INC.

McQuilling and IFCHOR form Latin American JV

26.9.2019

New York/Lausanne – 26 September 2019 - Leading independent shipbrokers McQuilling Partners, Inc. and IFCHOR are pleased to announce the formation of McQ-IFCHOR SA, a joint venture focused on the Latin American dry bulk chartering and advisory services.

McQ-IFCHOR SA will be led by Jean Magot from McQuilling's Lima, Peru office. While the venture is in the process of hiring experienced personnel, further experienced staff has been assigned to the venture from McQuilling and IFCHOR Seattle, New York and Lausanne offices.

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

John Schmidt, CEO of McQuilling, said, "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 program of joining with a valued partner in a strategic market."

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."

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About McQuilling Partners (www.mcquilling.com)

McQuilling Partners is a privately-owned marine services company, providing transportation services to clients in the shipping, commodity and financial services industries. McQuilling Partners facilitates the physical transportation of liquid and dry bulk commodities annually through the provision of brokerage services and provides, through an affiliate, coverage in the wet freight derivatives market for all the traded routes. The firm has assisted numerous clients in the sale or purchase of marine assets, and advised them on their directed research and consulting requirements. Today, McQuilling is a privately held firm numbering over 160 people, specializing in the marine transportation of commodities for a global client base. Representing broad commercial experience in the international shipping markets, McQuilling provides professional, reliable and personalized service to clients from offices located in New York, Houston, Lima, Mexico City, Rio de Janeiro, Athens, Dubai, Mumbai, New Delhi and Singapore.


About IFCHOR (www.ifchor.com)

IFCHOR is a highly competitive, growing, international shipbroking company which offers dry and wet bulk chartering, sale & purchase, research and financial advisory services. IFCHOR has earned the trust of its clients by providing a service based on integrity, discretion, intelligence and professionalism since 1977. The company is headquartered in Lausanne, Switzerland with a network of 12 offices in Asia-Pacific, Europe, Middle East and the USA. It delivers a high quality, service minded approach through a proactive team of brokers and back office staff.


Contact:

John Schmidt/CEO, McQuilling Partners, Inc.

Manu Ravano/CEO, IFCHOR SA

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