Friday
July 30, 2010
16:06 Mtn. Time Zone
 

Pace International Corp. was formed about fifteen years ago and has since become Pace Georgia Ltd. At one time a Paragon affiliate, Pace Georgia Ltd. is independent but a reliable commercial partner for Paragon.

Pace International Corp. were the General Agents for the Port of Poti, primarily performing fiduciary functions but also assisting in the technical operation of the port. The intention was to build services to compete with other transit ports in the former Soviet Union. Working toward this end, Pace began offering discharge supervision and inland forwarding. With a scarcity of reliable service in the area, Pace was quickly able to secure the majority of bulk inland contracts, which were then routed through Poti.

Rail cars of coal mined in Siberia arriving at St. Petersburg terminal for shipment, cargo Rail cars of coal mined in Siberia arriving at St. Petersburg terminal for shipment, cargo was sold by Novo Verde Corp. to a Danish public utility.

In 1995, Pace concluded contracts to supply fuel oil for the U.S. Department of State and for the Fund for Democracy and Development. Afterward, Pace transported large quantities of kerosene for the Fund for Democracy and Development through Batumi to various destinations in Armenia. References can be provided by USAID, USDA, the U.S. Department of State, the United Nations High Commissioner for Refugees, and several American non-profit organizations that are shipping to the Trans-Caucasus region.

In addition to its regular business in the area, the USAID awarded Pace $30 million, $15 million and $5 million contracts to supply and transport natural gas to Armenia and Georgia. These contracts were performed in conjunction with Paragon Lines Ltd. and Itera Energy Corp.

Pace maintains representative offices in Moscow, Tbilisi, Yerevan and Baku and provides competent ground personnel for every port operation and inland movement.

Pace currently has two deep water berths on long term lease in the port of Poti and handles approximately 2 million tons of cargo per annum.

 

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