ISS-Tositti expands presence in East Adriatic

NEW YORK, March 3, 2014 (GLOBE NEWSWIRE) -- ISS-Tositti, the joint venture formed at the beginning of 2005 between the world's largest independent marine services organisation, Inchcape Shipping Services (ISS), and Venice-based Tositti & C., is teaming up in a new strategic partnership with the Koper-based port agency, Navigo Logistika. After many years of cooperation in various segments of the shipping industry, the companies will form a new entity called ISS-Navigo and advance their ambitious expansion plans in the East Adriatic.

The new partnership is an important milestone in the development of ISS-Tositti, which already has a growing presence in the Slovenian and East Adriatic markets, and it also develops Koper as a key gateway port for Central Europe throughout the ISS customer base.

Navigo Logistika provides comprehensive agency service in Slovenian, Croatian and Montenegro ports. These port agency services are not just port based, but available wherever customers need them. Its diversified customer base includes clients across the oil, yacht, container and bulk commodity sectors as well as serving naval, government and inter-governmental clients. Additionally, Navigo provides landside commercial and logistics, transit, offshore support and other associated marine services.

Stefano Tositti, Managing Director, ISS-Tositti, said: "This new partnership will combine matchless professionalism, unrivalled market knowledge and completely open-minded thinking. Through mastery of the latest operating systems and a proactive approach to our clients' business needs, we will offer a unique shipping service solution, specifically tailored for all kind of cargoes."

Adds Ali Al Dilaimi, Managing Director, ISS Navigo: "We are excited about expanding the business with ISS-Tositti to offer new locations within the East Adriatic region and with the most up-to-date market intelligence with leading ship owners, operators, traders and co-brokers through the world, we can be sure to provide the most appropriate services at the right time and place."

Notes to Editors

Inchcape Shipping Services is the world's leading maritime services provider. With over 300 proprietary offices in 66 countries, and a workforce of over 3,800 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.

ISS-Tositti, specializes in offering tailored assistance services to some of the world's leading shipowners and operators, including the most important national and international oil, gas and energy Companies. Services range from the tanker, bulk to the most specialised vessel sectors.

CONTACT: Sheila Armstrong Head of Corporate Communications Inchcape Shipping Services T: +44 1896 752835 E: sheila.armstrong@iss-shipping.com Andrew Baud Managing Director Tala T: +44 20 3397 3383 E: andrew.baud@teamtala.comSource: Inchcape Shipping Services