GAC, Ultramar handle South America oil and gas
GAC Energy & Marine Services (GEMS) and Ultramar Logistics (U-LOG) will jointly offer logistics services to the oil and gas and mining sectors.
This collaboration expands the existing GAC agreement with Ultramar Logistics to include GEMS to provide services to this fast-growing sector in Mexico and South America.
'This sector is earmarked to be the biggest market in the coming years, with the IMW and the World Bank anticipating estimated spending of $22 billion over the next five years,' said Carlos Arrieta, president of GEMS, in a statement.
Carlos Baez, regional chief executive officer for U-LOG, said the new partnership with GAC is a natural development, since the two companies have worked together for the last seven years.
The GAC-Ultramar Network was formed in 2004, combining GAC's worldwide experience and resources with Ultramar Network's local expertise to provide tailor-made port and hub services to principals with ships calling at ports throughout South America.
GEMS was set up in 2010 in Houston to offer a wide-range of services for the oil and gas and mining sectors, including in-house case packing, international or domestic air and ocean freight management, and charter and project service.