Inchcape splits to create ISS Global Forwarding

Inchcape Shipping Services Holding Ltd has been separated into two stand-alone companies – one focused on supply chain logistics, ISS Global Forwarding, and one focused on marine services.

The establishment of ISS Global Forwarding is the result of a strategic directive by the owner, the Government of Dubai, which aims to optimise the growth potential, customer focus and core competencies of each.

Headquartered in Dubai, ISS Global Forwarding will focus on global freight forwarding, contract logistics and projects / oil & gas.

It will initially be present in 18 countries across the Middle East, Africa, Europe, India and Turkey. The plan is to expand its footprint to Asia Pacific, mainland China and Singapore.

It will be led by Enver Moretti, who said: “We are establishing ourselves as a regional powerhouse and our aspiration is to be recognised within the supply chain logistics industry as a customer centric organisation.”

“We are confident in the future global growth opportunities presented by the supply chain logistics industry. We see particular value at this time in the long-term growth opportunities afforded within the emerging markets region where ISS Global Forwarding enjoys a strong presence” said HE Mohammed Ibrahim Al Shaibani, CEO and executive director of the Investment Corporation of Dubai.