“Over the course of the past year, we have been evaluating several options for Capes to respond to our clients’ growing requirements in the Gulf and increasing coal exports from that region. Through a joint venture with Southport Agencies, we were able to establish an immediate presence with a strong and knowledgeable local management team,” said Mike Coleman, president, Capes Shipping Agency.

“Capes and Southport have a similar philosophy of hands-on management and doing whatever it takes to get the job done for our clients. We are looking forward to the synergies that will be gained working together on this joint venture and the benefits it will bring to clients,” said Kevin LaGraize, president, Southport Agencies.

LaGraize and Coleman will serve as managing directors, which will offer vessel husbandry, protective agency, bulk forwarding, supervisory services and logistics support. www.capesshipping.net