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Houston-based Crane Worldwide Logistics has opened an office in Georgetown, Guyana, expecting to cash in on a boon in offshore oil and gas production by the small country situated next to Venezuela along the northern edge of South America.
Operations in Guyana will be headed by Darren Etherington, who comes to Crane with 25 years of logistics experience in the Middle East and the Caribbean.
“The opening of our Guyana office further demonstrates our commitment to our clients,” said Crane CEO John Magee in a statement issued June 16, “ensuring we are located in strategic positions where they are experiencing growth.”
According to Crane officials, production from offshore drilling alone is set to double Guyana’s gross domestic product by 2020 as the energy sector continues to expand.
Crane is one of the largest logistics companies in North America with net revenue of $267 million and gross revenue of $916 million in 2018. The company operates in 120 locations in 30 countries. — Transport Topics