BGC Enters Shipping, Buys Poten & Partners
Global financial and technology giant BGC Partners has completed the acquisition of Poten & Partners, a ship brokerage, consulting and business intelligence firm specializing in LNG, tanker and LPG markets.Under the terms of the agreement, BGC acquired 100 percent of Poten, which includes operations in New York, London, Singapore, Houston, Athens, Guangzhou and Perth, the company said in a statement.Founded over 80 years ago and with 170 employees worldwide, Poten provides its clients with valuable insight into the international oil, gas and shipping markets. Shaun D. Lynn, President of BGC Partners said: "The addition of physical LNG, LPG and tanker brokerage, and energy consulting capabilities will allow BGC to expand its operations in the oil, gas and shipping sectors.
Bosphorus Sea Lane To Get Busier
A leading U.S. tanker brokerage has warned that the newly-opened Khazakstan to Novorossiisk oil pipeline will need between 17 and 28 million-barrel tankers to serve it, further clogging the congested Bosphorus sea lane. New York-based Poten and Partners foresaw pipeline capacity starting at 560,000 bpd and eventually reaching 1.34 million bpd. "This level of throughput may start bumping against the upper limit of allowable tanker transits through the Bosphorus," it said. The analysis comes in the same week that the Turkish minister for maritime affairs, Ramazan Mirzaoglu, announced a state investigation into the safety threat posed by swelling Bosphorus tanker traffic. "The Turkish straits are already at their limits.
Marco Joins OceanConnect
Strategic Advisor effective January 15, 2003. "Mike Marco was a chief architect of one of the most highly successful ship brokerage firms. His shipping expertise is unparalleled. OceanConnect is honored to have Mike join our team. We look forward to working with him as OceanConnect adds more services that bring value to shipowners," OceanConnect President Tom Reilly said. The collaboration will be an expansion of Marco's existing role at OceanConnect as author of the daily "Marcogram", one of the site's most popular features. continue," Reilly said. is a widely respected participant in industry forums. Director, Vice Chairman, and former President. includes stints at Simpson, Spence & Young, Jones & Thompson. Mechanical Engineering from the U.S. Point, New York.
