Chevron Shipping Company renews worldwide agency contract with GAC

Published June 27th, 2006 - 12:23 GMT

Gulf Agency Company Ltd. (GAC), a global provider of shipping, logistics and marine services, today announced the contract renewal with Chevron Shipping Company LLC (CSC), the fleet subsidiary of Chevron Corporation. Under the continuing arrangement, GAC remains CSC’s sole provider of tanker agency services worldwide.

The new contract was signed by GAC Group Executive Chairman Björn Engblom and CSC Vice-President & General Manager Marine Transportation Alexander Walker at CSC’s headquarters in San Ramon, California on 1 June 2006.

CSC has a long-standing relationship with GAC, going back to the early 1970s when GAC was a growing force in ship agency services in the Middle East.

In 1996, the two companies signed an alliance agreement appointing GAC as the sole agent in the East Mediterranean, Black Sea, Middle East and Indian subcontinent.  In 1999, the agreement was renewed with the addition of Africa and Europe, and in 2002 the two companies sealed the first global agency contract.

GAC’s Björn Engblom said he was pleased with the contract renewal. “GAC has provided hub agency services to Chevron’s shipping fleet since 1996 and we are very proud that Chevron Shipping Company continues to entrust us to handle all of its worldwide agency requirements,” he said.

Expressing his confidence that GAC will continue to deliver an efficient and seamless service to its clients’ vessels wherever they go, Mr Engblom added, “Our global agency services combine the strengths of GAC’s 50 years of experience in integrated shipping, logistics and marine services, backed by the latest capabilities in communications and IT. We support this by keeping the strong base of local knowledge at ports, and these are the keys to providing the most cost-efficient support to shipping principals.”

About the GAC Group
The GAC Group (GAC) is the world’s largest independent shipping, logistics and marine services provider, with over 230 offices worldwide.
Estabished in 1956, GAC’s core business covers three key areas – shipping, logistics and marine services. The GAC brand reflects value for money, quality, continuity, innovation and global reach.
GAC employs more than 6,500 people worldwide. The GAC Group corporate head office is in Dubai, in the United Arab Emirates. For more information about GAC, visit www.gacworld.com

About GAC Shipping
GAC Shipping is a leading provider of global port and hub agency services.

In addition to ship's agency, GAC Shipping offers an extensive range of specialised services such as Bunker Supplies, Ship-to-Ship Transfers, Canal Transit and Ship Supply Services. GAC Shipping also acts as correspondents for most International Group P&I Clubs.
GAC Shipping today represents the interests of more than 3,500 Principals worldwide and attends to over 30,000 vessels annually.
About Chevron
Chevron Corporation is one of the world's leading energy companies. With more than 53,000 employees, Chevron subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing and distributing fuels and other energy products. Chevron is based in San Ramon, Calif. More information on Chevron is available at www.chevron.com.
About Chevron Shipping Company
Chevron ships crude oil, refined products, liquefied petroleum gas and liquefied natural gas (LNG) to customers worldwide. In 2005, Chevron Shipping managed 4,000 voyages through a combination of single-voyage charters, short- and medium-term time-charters and a company-owned or bareboat-chartered fleet. Chevron Shipping is headquartered in San Ramon, California, with regional offices in the major trading centers of Houston, London and Singapore.

 


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