Inchcape Shipping Services, UK

March 12, 2012 08:00 ET

Inchcape Shipping Announces Ambitious Expansion Plan for Canada

TORONTO, CANADA--(Marketwire - March 12, 2012) - Inchcape Shipping Services today announced an ambitious three year plan to expand its logistics and supply chain business within the Canadian marketplace whilst ramping up its east & west coast marine service business.

"ISS is already a world leader in maritime support services and it is a logical next step to expand into end to end logistics (E2E) and landbased support solutions", said Claus Hyldager, Group CEO of ISS. "We now have a robust strategy to leverage our global network of 270 offices in 65 countries to focus on the opportunities in 3PL, SCM and remote life support solutions within Canada. Economic stability in Canada, a rich resource base, a safe banking system and Ottawa's business friendly fiscal policy makes Canada an attractive region for expansion."

The company already has four offices in Canada including Montreal, Toronto, Halifax and Vancouver. Ottawa has been named as the corporate HQ for the company's Canadian business and this office will be fully staffed by the third quarter of this year.

The coastline offices will continue to focus on increasing maritime service opportunities capitalizing on the increased business from the energy sector and developments in the North Atlantic, whilst the Ottawa office will focus on new service offerings in the logistics and 3PL segments of the industry.

The company has also worked with Canadian Forces in some parts of the world and will be increasingly engaging with the federal government to bid on a range of opportunities.

Notes to editors:

Inchcape Shipping Services is the world's leading maritime services provider. With over 270 proprietary offices in 65 countries, and a workforce of over 3,500, the company's diverse global customer base now includes owners and charterers in the oil, cruise, container and bulk commodity sectors as well as naval, government and inter-governmental organisations.

ISS provides landside commercial and humanitarian logistics, transit, offshore support, informational and other associated marine services. The company also provides a growing range of outsourcing services including global crew and marine spares logistics; port hub agency management; and sophisticated Enterprise Resource Planning solutions through its subsidiary ShipNet.

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