The global shipping service provider Inchcape Shipping Services has acquired full ownership of ISS-McKay Limited, which is a joint venture between Inchcape and McKay Shipping that was set up in 2008, with Inchcape to conduct core Port Agency business in New Zealand under the name ISS-McKay.
Inchcape notes that this strategic move, which became effective from November 2, aligns with Inchcape’s corporate vision, and that the acquisition of McKay Shipping Limited’s share of ISS-Mckay solidifies Inchcape Shipping Services’ commitment to further strengthen its presence in key locations around the globe.
ISS-McKay became a port agency in New Zealand, providing full coverage to the North and South Island of New Zealand through its network of 8 port offices and 41 local staff, with Inchcape New Zealand providing a diverse range of maritime services including port agency, husbandry, crew logistics services, ship chandling, bunker fuel supply arrangement, liner agency, logistics services to oil and gas, construction, dredging, cable-laying, cruise tourism and other sectors, military support services and maritime consultancy.
David Pratt, regional chief executive of Inchcape in Asia Pacific said: “This strategic expansion highlights Inchcape Shipping Services’ commitment to innovation and growth, while also reinforcing its position as global leaders in the shipping industry. We are excited to further strengthen our operations in New Zealand and continue to build on the strong foundations established in NZ for our customers, industry partners and local team.”
