Inchcape Shipping Services successfully acquires full ownership of ISS-McKay Limited in New Zealand
Inchcape Shipping Services has successfully acquired full ownership of ISS-McKay Limited, a joint venture that was set up in 2008 with Inchcape to conduct core Port Agency business in New Zealand under the name ISS-McKay. This strategic expansion aligns with Inchcape's corporate vision and demonstrates its commitment to providing comprehensive services in key locations where its clients do business.
Photo by Inchcape, New Plymouth in New Zealand
ISS-McKay has become the leading 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. The acquisition of McKay Shipping Limited's share of ISS-Mckay further solidifies Inchcape Shipping Services' commitment to broadening horizons and strengthening its presence in key locations around the globe.
With its extensive network and experience, ISS-McKay is well-suited for all vessel activities in the country, with key market shares in Cruise, Dry Bulk, Tanker, Liner, and Ship Manager markets. As part of the joint venture, Inchcape Shipping Services established itself as the majority shareholder, with local management supporting the operational and commercial management of the business in New Zealand.
Effective 2nd November 2023, Inchcape Shipping Services has acquired the balance of shares and moved towards full ownership of the New Zealand organisation. The move is an exciting development for both Inchcape and McKay Shipping, with local management and staff transitioning into the new organisation to ensure the continuation of service and experience for our customers.
"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 New Zealand for our customers, industry partners and local team," said David Pratt, Regional CEO of Asia Pacific.
Inchcape New Zealand provides 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.
About Inchcape Shipping Services
Inchcape Shipping Services is the world's leading Port Agency and Marine Services provider. Since 1847 Inchcape Shipping Services has provided the local knowledge and means to deliver port calls that enable businesses to ship smoothly and trade successfully.
Inchcape combines its worldwide infrastructure with local expertise through its global network of over 247 proprietary offices across 60 countries and a team of over 3,200 committed professionals. Our unique geographical footprint means we can offer customers a full range of marine services, delivered safely, transparently and with exceptional service wherever they are in the world.
Our diverse global customer base includes owners, charterers and ship managers in the oil & gas, cruise, container, and bulk commodity sectors and naval, government and intergovernmental organisations.
Through the real-time port data and information generated by our global network, coupled with investments in technology, we provide market and port intelligence that allows our customers to focus on their core business and make informed decisions.
Inchcape Shipping Services – Connect to a Smoother, Smarter Ocean: www.iss-shipping.com
