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16 September 2019 The on-line newspaper devoted to the world of transports 02:49 GMT+2

October 9, 2012

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To Inchcape Shipping Services 51% of the livornese Palumbo

The Italian company, specialized in the offshore logistics and shipments, will be renamed ISS Palumbo Srl

The British group Inchcape Shipping Services (ISS), that it mainly has beyond 3.700 dependent and work in 67 nations like independent marine agency, has acquired 51% of the capital of the livornese Palumbo Spa, society specialized in the offshore logistics and the shipments that will be renamed ISS Palumbo Srl. Draft of the first investment operated from ISS in the Italian market.

As a result of the operation Filippo Palumbo, current managing director of the Palumbo, inside assumes the role of vice-president senior of group ISS and the guide of the new company been born from joint venture.

“This agreement - the president of the Palumbo has commented, Andrea Palumbo - has for we a high strategic valence, as it arranges the capillary commercial net of the ISS with our abilities and it allows to offer to the customers all the advantages, the opportunities and the added value us that only an international net as the ISS can assure. This partnership affords to offer us total logistic solutions offshore”.

“The partnership - it has emphasized the managing director of the Inchcape Shipping Services, Claus Hyldager - a milestone represents in walks of the ISS towards the absolute leadership on the market for the supply of marine services and cargo. The operation increases our potentialities in the logistic within and of shipments, but it affords also to offer an only service us, wide and integrated to the energetic field of oil & the offshore gas, today in strong increase”.

“Both the companies - of the ISS, Jesper Steenbuch has explained executive vice-president - are time to the job in order to integrate the two truths and to assure so that the customers can benefit as soon as possible of this only offer total and arranged of services of agency and offshore logistics”.

The Palumbo work mainly in the logistics of the plans integrated in the marine field, of the cargo and shipments, with a specialization in the offshore field and that energetic one. The company has grown considerably from 1974, year of its foundation, and today a turnover of beyond 60 million euros anticipates.

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