TFS Creates Dry Freight Brokerage Group in the US
NEW YORK, July 12, 2006 –Tradition Financial Services (TFS), a leading interdealer broker and subsidiary of Compagnie Financičre Tradition, today announced the official opening of TFS Freight, a dry freight brokerage group based in Stamford, Connecticut. The Stamford cargo group will provide brokerage of ships, freight and existing financial derivatives on freight rates, and will complement the existing TFS physical and FFA freight desks, which are located in Perth and Melbourne, Australia.
David Pinchin, CEO of TFS, said, "We currently broker currencies, oil, gas, power, equities, coal and pulp and paper in the U.S. Establishing the freight and shipping service is a natural extension of our commodities business, and will add value to our clients by enabling them to buy, sell, hedge and transport commodities such as coal, petroleum or pulp and paper."
TFS Freight will initially focus on dry freight such as coal, grains, metal and scrap metal, pulp and paper, and will ideally expand into wet cargoes to serve the TFS energy business (oil, natural gas, coal, electricity, emissions and weather). It will be led by Niall O’Connor and David Chr. Wold. The other team members will include experienced dry cargo brokers Elaine Bell, Melanie Duettchen and Jan-Goesta Gerken, plus support staff.
TFS Freight will be offering professional services to both the international shipping community and to TFS’s existing customers worldwide.
Contacts
Mark Rowland, Director of TFS Freight – Asia +618.920.10545
Niall O’Connor, Co-Director of TFS Freight - US +1.203.351.1580
David Chr. Wold, Co-Director of TFS Freight – US +1.203.351.1580