Inchcape Shipping Services (ISS), the world-leading maritime services provider, has signed a joint venture agreement with Orient Overseas Container Line (OOCL), one of the world’s largest global container carriers, to form a new entity known as OOCL Egypt S.A.E.
Launching in December 2014, the joint venture takes advantage of existing synergies, including local market knowledge, to enable closer working with Egyptian customers.
OOCL Egypt will operate from existing ISS offices in Cairo, Alexandria, Port Said, and Damietta with some ISS employees transferring across to the new entity. Designed to become a “one-stop-shop” for Egyptian customers, the organisation will be well positioned to deliver top service quality, and offer full container fleet network coverage.
Commenting on the new contract, Eddie Filus, Senior Vice President Liner at ISS, said: “ISS and OOCL have successfully operated side-by-side for some time in various parts of the world including the region, handling their operations through the Suez Canal. This new joint venture is a significant extension of our relationship, with the needs of our customers in Egypt at the forefront.”
Inchcape Shipping Services is a world-leading maritime, cargo and supply chain services provider. With some 300 proprietary offices in 67 countries, and a workforce of over 3, 900, 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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