OCTOBER 17, 2012 — Maritime services provider Inchcape Shipping Services (ISS) has celebrated the tenth anniversary of its operation, ISS Brazil, with a special event for customers and staff as business continues to expand.

ISS CEO Claus Hyldager (center in photograph) congratulated ISS Brazil on the growth and success of the business and ten years of loyal service by nine original team members.

ISS Brazil now has a total of nine offices across Brazil including Rio de Janeiro, Belem, Sao Luis, Macae, Angra dos Reis, Fortaleza, Manaus, Vitoria and Santos, and over 100 employees. The company has also expanded its services into tankers, offshore, break-bulk, liquid bulk, dry bulk, crew logistics and the oil and gas sectors.

"Brazil is now a leading economy and ISS' expansion shows our commitment to the country," said Mr. Hyldager. "Despite the current pressure on global markets, Brazil's economy continues to thrive and recent developments include the growth of the oil and gas sector which has boosted industry across shipping, as well as the ongoing countrywide investment in dredging, port infrastructure, highways, bridges, power plants and dams, all of which rely on seagoing vessels and river barges."

"Looking ahead, Brazil is set for further widespread growth with its hosting of two world sporting events —The FIFA World Cup in 2014 and the next Olympic games in 2016 — which will continue to require ongoing investment in its infrastructure. This truly is an exciting time for ISS Brazil as we move into a new decade of operations."

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