FMT has terminals spread throughout the US East Coast/Gulf Coast and in the Great Lakes. The company’s unique mix of services and commodities has helped weather the storm.
Tony Develli, Vice President of Commercial Development for Federal Marine Terminals, Inc. (FMT) (a subsidiary of Fednav Limited), stumbled into the stevedoring business through the back door or at least the gym door. Develli started out on the finance side working in high tech and found himself looking for a job. Through his contacts at his local gym he was offered a job at a stevedoring firm as comptroller. Develli took the job wisely defraying from telling his future employers that he didn’t know what a stevedore was, or more importantly, what they did. “I went from Hi-tech to Low-tech,” Develli said of the move. Over the subsequent years, Develli migrated from financial to operational. “I found I loved it.” “Even though I was born land locked, I felt it was in my blood,” Develli said of landing in the terminal and stevedoring business. “There’s a real human element to the business,” he added.
FMT operates eight marine terminal facilities and three stevedoring operations in the US East Coast/Gulf Coast and in the Great Lakes. Unlike many other marine terminal operators, FMT is primarily an under the hook operation, which as Develli noted has a large human component. The company doesn’t regularly handle containers. The bread and butter cargos are cement, cocoa, gypsum, machinery, steel, sugar, wood pulp, forest products and project cargo.
FMT’s ports are a little off the beaten path, for example: Albany, New York in the northern reaches of the Hudson; Eastport in northern Maine; Manatee in Florida; Cleveland, Ohio; Mobile, Alabama; Milwaukee, Wisconsin; Hamilton, Ontario, and Burn Harbor in Portage, Indiana. Interestingly, each port is run as a separate profit center with the local manager having a great deal of autonomy in day-to-day operations. The Charlotte, North Carolina commercial office offers back room support services, and central tasks such as legal and accounting. The same autonomy works in the relationship between FMT and the FedNav Group. The terminal company acts as an independent arm, with separate books, within the Group - a necessary division as FMT’s customers could well be competitors to FedNav’s carrier component.
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