Inchcape acquires V.Group's port agency business...

Inchcape Shipping Services (ISS) has acquired V.Group’s global port agency business.

ISS said that the acquisition of V.Ships Agency established a global business partnership between ISS and V.Group owner of the world’s largest ship manager. ISS will offer a full scope of agency services to V.Ships Agency customers worldwide.

“I’m delighted with our acquisition of V.Ships Agency business. This deal enables us to drive value for our customers by working in partnership with V.Group, delivering enhanced service across our global network,” said Frank Olsen, ceo of ISS.

“Compliance, scale and transparency are at the heart of this partnership and will continue to be fundamental to our business and our customers.”

Elliot Gow, Group Managing Director, Marine Services, at V Group, commented: “V.Group believes that customers understand the benefit of scale and focus in the maritime services business and we’re thrilled that V.Ships Agency is going to be a key partner in delivering Inchcape’s vision of a smoother, smarter ocean.”

The acquisition of V.Ships Agency by ISS is part of a reciprocal deal under which V.Group has acquired Inchcape’s Global Marine Travel Business.

Posted 14 February 2019

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Marcus Hand

Editor, Seatrade Maritime News

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