In January 2014 the Italian shipping agent Medov srl acquired a significant shareholding stake in TNM Corp a leading South American Tour Operator and shipping agent.
Specializing in cruise line ground handling shore excursions port agency and pre/post tours TNM Corp provides services in 66 cities throughout 12 countries in Central and South America.
The agreement which strengthens and expands Medov’s presence in the global cruise marketplace calls for Medov to support TNM in developing its cruise and agency business in the countries where it currently operate directly or through local partners: Argentina Brazil Chile Colombia Costa Rica Ecuador Falkland Islands Guatemala Nicaragua Panama Peru and Uruguay.
“The acquisition of a stake in TNM fulfils Medov’s need for diversification and horizontal integration to remain competitive in the contemporary cruise business” said Giulio Schenone chairman and CEO of Medov srl. “Thanks to this partnership we can expand in a new and growing market while strengthening our relationships with customers in the Italian and French markets where Medov already is a leading service provider”.
“Cruise line customers will not see a change is TNM’s service delivery in the short term” Schenone said but as the two firms develop operational best practices there may be some long-term positive effects.
“Partnering with Medov confirms TNM’s desire to remain a market leader providing shore excursions and cruise-related leisure activities in Central and South America” said Kenneth Munro Chairman of TNM Corp. “It is not by coincidence that we have signed an agreement with one of the most accomplished and well-structured shipping agencies in Europe. Our partnership puts both companies in a better position to provide cruise lines with a complete package of services both in port and ashore throughout the region.”
About Medov srl and TNM Corp
Medov shipping agency was founded in Genoa in 1947 and is today one of Italy’s leading shipping agencies. Since its inception Medov has worked in the cruise industry and over time has diversified its business into all areas of shipping (container car carriers bulk as well as cruise) in all Italian Mediterranean French and Corsican ports either directly or through subsidiaries.
TNM Corp tour operator and ship owner has been a respected leader in cruise tourism throughout Central and South America for the past 10 years attending all major lines visiting the region. Due to the vast territory covered by TNM their regional offices are strategically located in Argentina Brazil Chile and Colombia. TNM handles all logistics related to their services and operations including ground handling shore excursions and port agency.
MEDIA CONTACT
Emanuele D’Agostino
Marketing coordinator
Tel.: +39 0105490215
