GAC - RUR to Boost Global Port Agency Services

The GAC-RUR alliance offers a greater geographical spread of port agency services to ship owners, ship operators, traders, and to chartered clients of wet bulk, dry bulk and specialist carrier tonnage.

The alliance will manage approximately 35,000 port calls through its combined network of port agency offices, servicing over 1,500 ports and terminals around the globe.

GAC will provide service coverage in Europe, the Mediterranean, Black Sea, Africa, the Middle East, the Indian Subcontinent, Asia, Australia/Oceania, US West Coast and the Americas.

RUR will, through its offices in the United States, cover the US East and Gulf Coasts.

GAC's Group Shipping Division Vice President, Lars P. Heisselberg, described the alliance as a strategic advance in the provision of services to the global shipping community. "This new agreement represents GAC's 'Global Reach - Vision X' strategy implemented mid 2002". "The GAC-RUR alliance enhances the commitment that was earlier put in place
through the GAC-Adsteam alliance, covering the Australia/Oceania region," he said.

RUR's President, Bob Bandos welcomed the alliance as a commercial concept beneficial for all parties. "We believe our alliance with GAC will provide significant benefits to our customers and provide us with global access to insure our company's continued growth."