Tuesday, September 4, 2018

Holding Company Separates Supply Chain Logistics and Marine Service Subsidiaries

Freight Forwarding Group Will Stand Alone
Shipping News Feature
UAE – The Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai has announced the launch of ISS Global Forwarding, a wholly-owned subsidiary focused on supply chain logistics. The establishment of ISS Global Forwarding is the result of a strategic directive by the Government of Dubai to separate Inchcape Shipping Services Holding Ltd., registered in the UK, into two standalone companies with the aim of optimising the growth potential, customer focus and core competencies of each, being marine services and supply chain logistics.

Headquartered in Dubai and operating out of the Dubai Airport Free Zone, strategically located in the heart of the Emirate adjacent to Dubai Airport, ISS Global Forwarding will focus on core activities of Global Freight Forwarding, Contract Logistics and Projects / Oil & Gas and will be headed up by industry veteran Mr Enver Moretti, who commented:

”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."

ISS Global Forwarding will initially be present in 18 countries across the Middle East, Africa, Europe, India and Turkey. As part of its ambitious growth strategy, the company says it will expand its footprint to Asia Pacific, mainland China and Singapore. In addition, ISS Global Forwarding claims benefits from an established global network thanks to key partnerships with operators worldwide, thereby providing its customers with multimodal, end-to-end supply chain solutions. H.E. Mohammed Ibrahim Al Shaibani, CEO & Executive Director of the Investment Corporation of Dubai, concluded:

"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."

Photo: ISS Global Forwarding will be headquartered in Dubai.