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Hili Co. and Peterson create Mediterranean joint venture

World Pipelines,

Hili Co. has entered into a joint venture agreement with leading international energy logistics company Peterson to provide oil and gas logistics services across the Mediterranean and North Africa.

Peterson (Malta) Ltd will provide supply base services, warehousing and logistics management, procurement and recruitment, for oil and gas clients in the Mediterranean and North Africa.

The joint venture marries Peterson’s expertise in global oil and gas support with the wide-ranging capabilities of Hili Co., an internationally-focused group incorporating key capabilities in logistics, including global air, road and sea freight, ship agency and tramper services, clearances and deliveries, warehousing, courier solutions, ship-to-ship operations, and project cargo.

Its portfolio includes Mediterranean shipping and logistics firm Carmelo Caruana Co. Ltd, logistics firms Baltic Freight Services, operating from Vilnius, and Prime Logistics based in Minsk, and a joint venture with leading shipping line CMA CGM.

Hili Co. CEO, Davide Biron, said: “We were attracted to Peterson because of its innovative approach to the oil and gas industry, with a strong focus on technology and collaboration. The joint venture will combine our broad range of capabilities with decades of oil and gas logistics experience from Peterson. Peterson is able to partner customers for a wide spectrum of operations and projects, including the decommissioning of oil rigs and repairs.”

Peterson Director, Jim McSporran, said: “Our agreement with Hili Company provides us with additional strength to better serve our clients in this important region. As a result, we look forward to providing customers in the Mediterranean and North Africa with even greater cost-effective and innovative supply chain solutions. Our continuing investment in technology allows us to offer customers industry- leading solutions through our suite of digital applications which includes eCargo, the first system to digitise quayside operations, making them more transparent and efficient, including the handling of transport requests, container management and cost allocation for supply vessel pools.”

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