core sector communique

KOYO INKS DEAL WITH ISS

 

18 February 2011

 

Koyo Kaiun has become the latest tanker operator to sign up for the Hub solution with Inchcape Shipping Services.

 

Koyo Kaiun owns and operates chemical tankers with trade routes covering the Middle East and the Sub-continent, Asia, Japan and USA. 

 

ISS will provide the Hub for Koyo’s global operations and the performing agency in the majority of their ports of call.

 

The Hub solution provides an optimum process for vessel operators whereby the voyage administration is outsourced whilst retaining firm control on the voyage management itself. 

Operators who are relieved of non-critical administrative aspects are thus able to concentrate on the more critical tasks of the voyage.

 

Backed by a web-based system, it provides complete transparency and optimizes costs in many areas. The system also provides a remarkable database which can be queried to draw out incisive reports on various aspects of the voyage for business analytics.

 

Shinsuke Togawa, Managing Director of Koyo in Singapore, said they consider this to be a strategic relationship with ISS which will contribute greatly to bringing efficiency and optimisation opportunities which have become a necessity in today’s market conditions. He added that the Hub solution fits in squarely with Koyo’s strategy of concentrating on voyage critical tasks thus delivering a superb experience to their valued customers. He is therefore very optimistic for the outcome of the partnership.

 

Ends

 

Note

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.