BSA’s Dubai Lawyers’Bertrand DumonandEdouard Salwanadvised Louis Dreyfus Armateurs,a French global Group engaged in maritime transportation and services, in the structuring of their activities in the region and on an undertaking to form a joint venture company with Abu Dhabi Ports to work together to implement a 15 year agreement for the transshipment of bauxite in the Republic of Guinea with Emirates Global Aluminium, one of the world’s largest ‘premium aluminium’ producers and the biggest industrial company in the United Arab Emirates outside oil and gas.
Transshipment is the process of moving cargo from one vessel to another at sea and is used to transfer cargo when vessels are too big to berth in a port. Using larger ships reduces shipping costs on longer journeys.
Speaking at the signing ceremony, Abdulla Kalban, EGA’s Managing Director and Chief Executive Officer, said: “EGA has set an ambitious growth agenda to expand upstream and internationally. Transshipment is an important link in the chain that will connect our alumina refinery and aluminum smelters in the UAE with bauxite mines in Guinea, and will also lower shipping costs from GAC to global bauxite markets.”
Mr Gildas Maire, Chief Executive Officer of Louis Dreyfus Armateurs said: “These agreements with EGA and Abu Dhabi Ports expand our geographic and operational footprint in West Africa. We are pleased to be partnering with these UAE leading companies, and to play a part in the development of Guinea’s economy by helping to enable the competitive transport of Guinean bauxite.”
Bertrand Dumon: “With the most important French and Arabic Lawyers team in the region, we are very well placed and pleased to assist French Multinationals in their development in the Middle East and Africa”.
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EGA Press Release