October 9 - Inchcape Shipping Services (ISS) is teaming up in a new strategic partnership with offshore logistics and freight forwarding specialist Palumbo SpA. to form ISS Palumbo Srl.
The new partnership combines ISS' worldwide network with Palumbo's core capabilities in providing offshore project logistics and freight forwarding solutions and enables ISS Palumbo to offer a global combination of agency, project logistics and freight forwarding solutions to customers in the growing offshore oil and gas energy sector.
Palumbo, based in Italy, is an established operator in integrated project logistics with a proven expertise in the offshore and energy sectors. ISS has over 290 offices in 67 countries and the company's diverse global customer base includes owners and charterers in the oil and gas energy, cruise, container and bulk commodity sectors, as well as naval, government and inter-governmental organisations.
Filippo Palumbo, the current md of Palumbo will take on a new role as svp offshore solutions within the ISS group to drive this new partnership forward.
Commenting on the new joint venture, Andrea Palumbo, the chairman of Palumbo said: "I am very pleased with our new partnership which combines the global network of ISS with the capabilities of Palumbo in international logistics and shipment services, especially in the offshore sector. This combination will enable us to offer our customers an unrivalled global offshore logistics solution".
Claus Hyldager, ISS chief executive oadded: "This is a major milestone in ISS' aim to become the market leader in maritime and cargo services. This is an exciting new partnership with an industry leader that will not only expand our project logistics and freight forwarding capabilities but enable us to deliver a genuinely unique, broad and integrated service to the expanding offshore oil and gas energy sector."
Jesper Steenbuch, evp supply chain solutions added: "Both companies are now working to ensure the smooth integration of our businesses so that customers will benefit from this unique partnership as soon as possible. Our customers are already telling us they are very pleased to hear news of this agreement as a combined offshore agency and offshore logistics service is their ideal solution."