New Joint Venture Targets Nuclear Industry
International maritime logistics expert Cory Logistics, part of Braemar Shipping Services plc, has formed a joint venture with universal supply chain specialist Navarm Limited to create a single source provider for a full suite of maritime and land based services for the nuclear new build industry.
Based in Somerset, UK, Cory-Navarm will serve the nuclear industry, particularly in the West Country where EDF Energy is developing the Hinkley Point C power station, and other energy-related projects with a need for maritime and land-based services.
The joint venture combines the services, resources, capability and facilities of Cory Logistics Ltd and Navarm Limited, backed by global Braemar Shipping Services PLC, a GBP 143 million revenue generation company with offices and facilities around the world supporting its operations throughout the marine and energy markets.
Services now available from Cory-Navarm’s experienced staff include jetty & port operation, ships agency & technical services, loading & discharging services, environmental services, land-based logistics, security services, project cargo handling & storage, waste management and indivisible load management to support all types of nuclear new build supply chain requirements.
Working with the other Braemar Shipping PLC companies, CoryNavarm will enable nuclear industry primes, tier 1 and subsequent tier suppliers to reduce costs in the complex nuclear supply chain by sourcing all requirements from a single source service provider.
Martin Barnes of Cory Navarm said: “This joint venture is an exciting new development for both companies which will enhance our services and benefit the expanding nuclear new build sector.”