History

1986

Sound
Tankers
1996

Panasia
Marine

2011

SPI
Marine

Today SPI Marine is a recognised global brand in bulk liquid shipping and logistics.
Our history in the USA dates back to 1978, when Fleets Cove Chartering was founded by Rick Laux and his father, Dick Laux. From humble beginnings here are the key milestones in our history:

1986
Mar
1
Sound Tanker Chartering INC. (STCI) is founded

Sound Tanker Chartering INC. (STCI) is founded by Jeff Mavelli and his two colleagues from a NYC tanker brokerage with offices located in South Norwalk, Connecticut. Later that same year STCI merges with Fleets Cove chartering and move from long island to STCIs Connecticut offices. Tom Wimmer joined the company in 1987 and became a partner in 1996, Tom Robbins joined in 1991 and made partner in 2000 followed by Jason Siemer who joined in 1997 and became a partner in 2010.

1996
Sep
8
Panasia Marine Ltd is founded

With the support and encouragement of BP Chemicals, Panasia Marine Ltd is founded by the Ahrenkiel Group with Mike Kardel at the helm, based out of Hong Kong and with an office in Seoul.

1998
May
15
Panasia Marine Relocates

As STCI joins the Asian partnership, the business becomes global and Panasia Marine relocates from Hong Kong to Singapore – Asia’s chemical shipping hub. Soon after in 1999 Graeme Finley joins Panasia Marine.

2005
Feb
14
Panasia Marine expands into China

With the support of CNOOC and Shell Petrochemicals (CSPC), the Shanghai office is opened in 2005 under Frank Chen’s leadership, diversifying quickly by establishing an agency division.

2006
Mar
11
Korea opens for business

To strengthen our operations and build on existing COAs between Korean Owners and Major Oil companies, Soonhee Kim is hired to re-establish a presence in Seoul.

Apr
4
Back in the USA

With business growing across the pond, STCI establishes its second US office, this time in Houston, Texas, which is rapidly becoming a hub for US Charterers and Owners.

2007
Jun
16
Middle East expansion

When the Group is awarded Oman Methanol Company’s business, Peter Wakely joins to open the office in Sohar, ahead of OMC’s start-up in 2007.

2011
Nov
6
Global Rebranding

STCI and Panasia Marine merge in 2011 to form SPI Marine, together moving over 13 MTPA. Investment into digital systems and technology sees the Group further expand its market intelligence remit.

2014
Jan
1
MPLA joint venture

In 2014 SPI Marine formed Manuport Logistics Asia (MPLA), a joint-venture with Manuport Logistics NV (Antwerp), to offer the full range of freight forwarding and logistics services  – Progressing truly Beyond Shipbroking ! operating from the Group’s Singapore office, MPLA specializes in bulk liquid transportation in drums, flexi-tanks and iso-tanks.

Apr
2
SPI opens Europe office

With its global vision, the Group had long sought a presence in Europe. This was realised in 2014, when Graeme Harness joined, opening the UK branch. SPI Marine UK went on to develop it logistics arm, complementing the existing UK core broking business, enabling SPI Marine to further deliver a truly bespoke end-to-end solution, from commodity broking, shipping through to storage, containers, road and rail transportation.

1986
March 1, 1986
Sound Tanker Chartering INC. (STCI) is founded

Sound Tanker Chartering INC. (STCI) is founded by Jeff Mavelli and his two colleagues from a NYC tanker brokerage with offices located in South Norwalk, Connecticut. Later that same year STCI merges with Fleets Cove chartering and move from long island to STCIs Connecticut offices. Tom Wimmer joined the company in 1987 and became a partner in 1996, Tom Robbins joined in 1991 and made partner in 2000 followed by Jason Siemer who joined in 1997 and became a partner in 2010.

1996
September 8, 1996
Panasia Marine Ltd is founded

With the support and encouragement of BP Chemicals, Panasia Marine Ltd is founded by the Ahrenkiel Group with Mike Kardel at the helm, based out of Hong Kong and with an office in Seoul.

1998
May 15, 1998
Panasia Marine Relocates

As STCI joins the Asian partnership, the business becomes global and Panasia Marine relocates from Hong Kong to Singapore – Asia’s chemical shipping hub. Soon after in 1999 Graeme Finley joins Panasia Marine.

2005
February 14, 2005
Panasia Marine expands into China

With the support of CNOOC and Shell Petrochemicals (CSPC), the Shanghai office is opened in 2005 under Frank Chen’s leadership, diversifying quickly by establishing an agency division.

2006
March 11, 2006
Korea opens for business

To strengthen our operations and build on existing COAs between Korean Owners and Major Oil companies, Soonhee Kim is hired to re-establish a presence in Seoul.

April 4, 2006
Back in the USA

With business growing across the pond, STCI establishes its second US office, this time in Houston, Texas, which is rapidly becoming a hub for US Charterers and Owners.

2007
June 16, 2007
Middle East expansion

When the Group is awarded Oman Methanol Company’s business, Peter Wakely joins to open the office in Sohar, ahead of OMC’s start-up in 2007.

2011
November 6, 2011
Global Rebranding

STCI and Panasia Marine merge in 2011 to form SPI Marine, together moving over 13 MTPA. Investment into digital systems and technology sees the Group further expand its market intelligence remit.

2014
January 1, 2014
MPLA joint venture

In 2014 SPI Marine formed Manuport Logistics Asia (MPLA), a joint-venture with Manuport Logistics NV (Antwerp), to offer the full range of freight forwarding and logistics services  – Progressing truly Beyond Shipbroking ! operating from the Group’s Singapore office, MPLA specializes in bulk liquid transportation in drums, flexi-tanks and iso-tanks.

April 2, 2014
SPI opens Europe office

With its global vision, the Group had long sought a presence in Europe. This was realised in 2014, when Graeme Harness joined, opening the UK branch. SPI Marine UK went on to develop it logistics arm, complementing the existing UK core broking business, enabling SPI Marine to further deliver a truly bespoke end-to-end solution, from commodity broking, shipping through to storage, containers, road and rail transportation.