June 23 - Peters & May Group has signed an agreement with Navex, naming the shipping company as the exclusive agent for Peters & May's Portuguese trade.

In addition to other projects, the two companies have previously worked together on one of the 52 SUPER SERIES events in Portugal, when Peters & May chose Navex as the local agent to assist with the shipping and custom work for yachts, tenders and containers.

The scope of the agreement also includes the Portuguese Islands of Madeira and the Azores, which provide a strategical stop for yachts making transatlantic voyages, says Peters & May.