Independent shipbrokers McQuilling Partners, Inc. and IFCHOR has announced the formation of McQ-IFCHOR SA, a joint venture focused on the Latin American dry bulk chartering and advisory services.

McQ-IFCHOR SA will be led by Jean Magot from McQuilling's Lima, Peru office. While the venture is in the process of hiring experienced personnel, further experienced staff has been assigned to the venture from McQuilling and IFCHOR Seattle, New York and Lausanne offices.

US headquartered McQuilling has a significant Latin American footprint and opened its Lima office in 2007 to serve as the base for its Latin American business. Switzerland headquartered IFCHOR has extensive expertise in dry bulk with a strong presence in the Capesize, Panamax and Handy to Ultramax international markets.