INCHCAPE Shipping Services – a British ship agency and services company – has acquired full ownership of ISS-McKay, which was a joint venture set up in 2008 with Inchcape to conduct port agency business in New Zealand.

In a statement, Inchcape said ISS-McKay had become the leading port agency in New Zealand, providing full coverage to the North and South Island of New Zealand through its network of eight port offices and 41 local staff.

“The acquisition of McKay Shipping’s share of ISS-Mckay further solidifies Inchcape Shipping Services’ commitment to broadening horizons and strengthening its presence in key locations around the globe,” the company said.

“With its extensive network and experience, ISS-McKay is well-suited for all vessel activities in the country, with key market shares in cruise, dry bulk, tanker, liner, and ship manager markets.”

Effective 2 November 2023, Inchcape Shipping Services acquired the balance of shares and moved towards full ownership of the New Zealand organisation.

The company said local management and staff are transitioning into the new organisation to ensure the continuation of service and experience for our customers.

Inchcape regional CEO of Asia Pacific David Pratt said: “This strategic expansion highlights Inchcape Shipping Services’ commitment to innovation and growth, while also reinforcing its position as global leaders in the shipping industry. We are excited to further strengthen our operations in New Zealand and continue to build on the strong foundations established in New Zealand for our customers, industry partners and local team”.

Inchcape New Zealand provides maritime services including port agency, husbandry, crew logistics services, ship chandling, bunker fuel supply arrangement, liner agency, logistics services to oil and gas, construction, dredging, cable-laying, cruise tourism and other sectors, military support services and maritime consultancy.