Inchcape Shipping Services and John Keells Holdings (JKH) have announced the formation of a joint venture (JV), Inchcape Mackinnon Mackenzie Shipping (Private) Limited, which will provide a range of maritime services in Sri Lanka – including bunker supply.
In addition to marine fuel supply, the new JV will provide port agency, ship chandelling and marine survey and inspection services, among others.
Colombo-based conglomerate JKH's bunkering subsidiary Lanka Marine Services owns a fleet of dedicated bunker vessels and also delivers products by truck across all major Sri Lankan ports.
‘We are excited about the new joint venture between Inchcape and JKH. Given the global presence of Inchcape and the local presence of JKH, we are sure we can provide an exceptional service to both international and local clients,’ said Zafir Hashim, the Sector head of the transportation sector of John Keells group.
The new JV is also expected to boost demand for shipping services in country.
‘With Sri Lanka’s strategic location in the global maritime route, the services offered through this joint venture will certainly attract a multitude of new clients to call at the shores of Sri Lanka for ship related services,’ said Hashim.
Matthew Paice, Vice President Marine Services for Middle East, South Asia and Africa of Inchcape, added that Inchcape’s presence in Sri Lanka was ‘long overdue’.
‘This new venture will allow Inchcape to offer an improved and expanded offering to its customers in this growing and important market,’ said Paice. ‘We could not have a better partner to take this next step than John Keells Group and Mackinnon Mackenzie Shipping.’
Both Inchcape and JKH say the new joint venture, which will ‘offer differentiated value proposition as an experienced and reliable link in our customer's supply chain’, aims to be a ‘leading provider of high-quality maritime services in Sri Lanka’.