core sector communique

ENI AWARDS INCHCAPE SHIPPING SERVICES

GLOBAL HUB CONTRACT

4 January 2011

 

 

Rome-based Eni Trading & Shipping (ETS) has signed up with leading marine services company, Inchcape Shipping Services, for a major new global hub agency contract.

 

Following a competitive tender, ISS won the global agreement which will see the UK-based firm undertake hub agency services for Eni involving some 4,500 port calls annually across the world. ISS has been the hub agent for ETS international port calls since 2007. This new agreement encompasses ETS’ domestic Italian as well its international port calls.

 

Eni is a major integrated energy company, committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas. Eni recently announced the integration of all of its commodity trading activities into one company, Eni Trading and Shipping.

 

The agreement will involve ISS working with local port agents handling ETS’ chartered tankers to ensure their safe and efficient turnaround in port. ISS will oversee the whole port call process through to completion of the disbursement account. This will include monitoring the performance of local port agents through established Key Performance Indicators and seeking continuous improvements and innovative ideas to reduce costs.

 

The delivery of the hub agency services will be managed through ISS-Tositti, ISS’ joint venture in Venice, which has provided hub services to Eni since 2007.

 

Commenting on the award of the contract, ISS Group CEO, Capt. Claus Hyldager said: “The benefits provided by our ability to collect and analyse data benchmarking performance is transcending the traditional principal/ agent relationship, migrating it to a strategic partnership through which we will work together to meet ETS’ strategic goals and objectives.”

 

 

Notes:

Inchcape Shipping Services is the world's leading marine services provider. Through its proprietary network of some 255 offices employing over 3,500 people across 66 territories, ISS provides its customers with an unparalleled global resource delivered locally and tailored to each customer’s individual needs.

Its diversified customer base includes clients across the oil, cruise, container and bulk commodity sectors as well as serving naval, government and inter-governmental clients. Additionally, ISS provides landside commercial and humanitarian logistics, transit, offshore support and other associated marine services.

The Company also provides a growing range of outsourcing services. These include global crew and marine spares logistics; port agency management and commercial representation; and sophisticated Enterprise Resource Planning solutions through its subsidiary ShipNet and associated services.

Inchcape Shipping Services – A World of Local Expertise