Inchcape Shipping Services in strategic partnership with Palumbo S.P.A.

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, is teaming up in a new strategic partnership with offshore logistics and freight forwarding specialist Palumbo S.P.A. to form ISS Palumbo S.r.l.

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 S.r.l. to offer a unique 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 Officer added: “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.”

Jan-Hein Dissel (left) and Andrea Palumbo (right) mark the new strategic partnership agreement to form ISS Palumbo S.r.l.

Inchcape Shipping Services is the world’s leading maritime services provider. With over 290 proprietary offices in 67 countries, and a workforce of over 3,700, 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.

The Palumbo group was founded in 1974 by its current Chairman Mr Andrea Palumbo and has quickly increased its market presence ranking today among the top five project and logistics service providers in Italy to the oil and gas energy sector. The Palumbo group has also expanded and developed an equally leading specialization in the provision of integrated logistics and outsourcing solutions to large Italian and foreign industrial groups. Palumbo operates globally from its head offices in Livorno, Italy.

Inchcape Shipping Services – A World of Local Expertise