Maduro Holding: Difference between revisions
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===Early History=== |
===Early History=== |
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The Maduro Group traces its roots to S.E.L. Maduro & Sons, a trading company founded in 1837 that is considered the longest continuously operating company in the [[Caribbean]]. The company founder, Salomon Elias Levy (S.E.L.) Maduro, began by |
The Maduro Group traces its roots to S.E.L. Maduro & Sons, a trading company founded in 1837 that is considered the longest continuously operating company in the [[Caribbean]]. The company founder, Salomon Elias Levy (S.E.L.) Maduro, began by importing basic commodities from the tax free port of St. Thomas. Maduro made trade trips to regional ports in the Caribbean and later added two schooners to New York, eventually adding more to meet the growing demands of his small thriving business. With the help of his two sons, S.E.L. Maduro & Sons soon expanded into ship [[bunkering]] and [[stevedoring]] to satisfy increasing demands from transcontinental ships calling on Willemstad's harbour.<ref name="SEL Maduro">{{Cite news |
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| url = http://books.caribseek.com/Curacao/Commercial_History_of_Curacao/profiles/sel-maduro.shtml |
| url = http://books.caribseek.com/Curacao/Commercial_History_of_Curacao/profiles/sel-maduro.shtml |
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Following the opening of the [[Panama Canal]], Royal Dutch Shell built what was the world's largest petroleum refinery in the port of Willemstad due to its naturally deep harbor, its stable government, and its relative proximity to Venezuelan oil |
Following the opening of the [[Panama Canal]], Royal Dutch Shell built what was the world's largest petroleum refinery in the port of Willemstad due to its naturally deep harbor, its stable government, and its relative proximity to Venezuelan oil fields. During [[World War II]], Willemstad became a critical [[transshipment]] hub that served as the sole supplier of petroleum to the Allied Air Forces in Northern Africa and Great Britain. It was during this period that the port emerged as one of the top ten harbors in the world in both tonnage and traffic handled.<ref name="ISLA">{{Cite news |
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| url = http://www.vrcurassow.com/2dvrc/stateofaffairs/windows/isla.html |
| url = http://www.vrcurassow.com/2dvrc/stateofaffairs/windows/isla.html |
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| title = Isla refinery, Curacao |
| title = Isla refinery, Curacao |
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Revision as of 23:18, 5 May 2014
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| Company type | Private |
|---|---|
| Industry | Shipping, Tourism, Logistics, Aviation |
| Founded | 1837 |
| Headquarters | Willemstad, Curaçao |
Area served | Curaçao, Aruba, Sint Maarten, Netherlands, United States |
Key people | George Alvarez-Correa (Chairman of the Board) Henry Van Der Kwast (Chief Executive Officer) |
| Subsidiaries | S.E.L. Maduro & Sons Maduro Travel, Inc. Insel Air Insel Air Cargo Curaçao Port Services Curaçao Harbor Corporation Laparkan Maduro Airfreight Services Maduro Transport Services TNT Netherlands Antilles Caribbean Shipping Agencies Limited |
Maduro Holding B.V. is a holding company with interests in all companies belonging to the Maduro Group, a diversified conglomerate operating in the shipping services, tourism, logistics and aviation industries throughout the Dutch Caribbean. Maduro Holding is headquartered in Willemstad, Curaçao.
History
Early History
The Maduro Group traces its roots to S.E.L. Maduro & Sons, a trading company founded in 1837 that is considered the longest continuously operating company in the Caribbean. The company founder, Salomon Elias Levy (S.E.L.) Maduro, began by importing basic commodities from the tax free port of St. Thomas. Maduro made trade trips to regional ports in the Caribbean and later added two schooners to New York, eventually adding more to meet the growing demands of his small thriving business. With the help of his two sons, S.E.L. Maduro & Sons soon expanded into ship bunkering and stevedoring to satisfy increasing demands from transcontinental ships calling on Willemstad's harbour.[1]
Following the opening of the Panama Canal, Royal Dutch Shell built what was the world's largest petroleum refinery in the port of Willemstad due to its naturally deep harbor, its stable government, and its relative proximity to Venezuelan oil fields. During World War II, Willemstad became a critical transshipment hub that served as the sole supplier of petroleum to the Allied Air Forces in Northern Africa and Great Britain. It was during this period that the port emerged as one of the top ten harbors in the world in both tonnage and traffic handled.[2] Following the war, continued shipping traffic led to S.E.L. Maduro & Sons growth into the conglomerate of companies and interests presently owned by Maduro Holding B.V.
Present Day
S.E.L. Maduro & Sons presently acts as an agent to approximately 600 shipping companies. The company provides ship management services for tankers, cruise ships, freighters, among others. The company also provides logistical services ranging from international sea and airfreight forwarding to warehousing and distribution. The recently constructed Mega Pier now accommodates post-Panamax supertankers and cruise ships. Maduro Travel is the group travel agency and specializes in tour planning throughout the America's and Caribbean region. Launched in 2006 in cooperation with local partners, Insel Air is the current flag carrier of Curaçao. The remaining subsidiaries facilitate logistical channels on behalf of S.E.L. Maduro & Sons.
Foundation of Maduro's Bank
At the turn of the 20th century, S.E.L. Maduro & Sons' financial department was operating as a quasi-central bank. Its issuance of two hundred thousand guilders worth of banknotes had prevented the economy from falling into a recession. Beginning in 1901, the firm repeatedly petitioned the Dutch crown for a banking charter or to take over the Central Bank of Curaçao. Finally, in 1917 Maduro and Joseph 'Shon Jojo' Alvarez-Correa founded Maduro's Bank, the first commercial bank in the Netherlands Antilles. In 1932, Maduro's Bank merged with Curiel's Bank to form Maduro & Curiel's Bank.[3][4]
References
- ^ "S.E.L. Maduro & Sons, Roots of Our Future". Curaçao Chamber of Commerce & Industry. December 11, 2002. Retrieved August 10, 2012.
- ^ "Isla refinery, Curacao". vrcurassow.com. February 15, 2007. Retrieved August 10, 2012.
- ^ "The Curacao Island: Maduro Curiel Bank MCB Curacao". thecuracaoisland.com. May 21, 2011. Retrieved January 3, 2012.
- ^ "Maduro & Curiel's Bank, Roots of Our Future". Curaçao Chamber of Commerce & Industry. December 11, 2002. Retrieved August 10, 2012.