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Inchcape Shipping Services
Inchcape Shipping Services (ISS) is a British multinational ports and marine management company headquartered in London. Today ISS has operations in 60 countries across the Americas, Asia Pacific, Europe, Middle East, South Asia and Africa. ISS is currently owned by London-based private equity firm Epiris LLP, having been sold by Istithmar World, the investment arm of Dubai World in 2022. History In 1847, William Mackinnon and Robert Mackenzie formed the Mackinnon Mackenzie Company (MMC), a general merchanting partnership based in Calcutta. MMC eventually came to be known as Inchcape plc. In 1999 Inchcape Shipping Services was spun out and sold to private equity firm Electra Fleming. The firm, by then known as Electra Partners, sold ISS to Istithmar World, the investment arm of the government of Dubai, for $285m in 2006. In February 2010, the Financial Times reported that Istithmar was looking for buyers of ISS for between $600–700m. On 4 April 2022 it was anno ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inchcape Shipping Services Logo
Inchcape or the Bell Rock is a reef about off the east coast of Angus, Scotland, near Dundee and Fife, occupied by the Bell Rock Lighthouse. The name ''Inchcape'' comes from the Scottish Gaelic ''Innis Sgeap'', meaning " Beehive isle", probably comparing the shape of the reef to old-style skep beehives. According to legend, probably folk etymology, the alternative name Bell Rock derives from a 14th-century attempt by the Abbot of Arbroath ("Aberbrothock") to install a warning bell on the reef; the bell was removed by a Dutch pirate who perished a year later on the rocks, a story that is immortalised in " The Inchcape Rock" (1802), a poem by Robert Southey. The main hazard the reef presents to shipping is that only a relatively small proportion of it is above water, but a large section of the surrounding area is extremely shallow and dangerous. The rock was featured in a one-hour episode of the BBC's '' Seven Wonders of the Industrial World'', which told the story of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Services
Corporate services or business services are activities which combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. The term corporate services providers (CSPs) is also used. In the United Kingdom, the public audit agencies produced a report in May 2007 called "Value for Money in public sector corporate services". This provides performance indicators in five categories: Finance, Human Resources, Information & Communication Technology, Procurement, and Estates Management. Examples of Corporate Services Business Advisory Service Business advisory service advises current and future businesses prospects of a client, with the aim of advancing their business or company. This service is used by all types of businesses and would involve examining the legal, tax, finance, market and risks factors involved to start up a bus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Istithmar World
Istithmar World ("istithmar" (Arabic) for "investment" (English)) is an investment firm based in Dubai, United Arab Emirates (UAE). This company is a state-run business owned by Dubai World, a Dubai government-owned company, and was established in 2003. Originally known as "Istithmar," the company was renamed as "Istithmar World" in 2008. Istithmar World, which was created in 2003 as the investment firm of Dubai World specializes in private equity and alternative investment opportunities globally. In the five years since its inception, Istithmar World has built a portfolio of investments in markets ranging from North America and Europe to Asia and the Middle East, and across a variety of sectors, including consumer, industrial, financial services and real estate. An analysis of Istithmar's investment portfolio which included the investment of $3.8 billion with an associated $14 billion of debt, has not performed positively. In a number of cases, Istithmar has lost control of as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai World
Dubai World ( ar, دبي العالمية) is an investment company that manages and supervises a portfolio of businesses and projects for the Government of Dubai across a wide range of industry segments and projects that promote Dubai as a hub for commerce and trading. As a subsidiary of Dubai Inc., it is the emirate's flag bearer in global investments and has a central role in the direction of Dubai's economy. Assets include DP World, which caused considerable controversy when trying to take over six US ports, its property arm, Nakheel, which built The Palm Islands and The World developments, and Istithmar World, its investment company. It is chaired by Ahmed bin Saeed Al Maktoum. History Dubai World was established under a decree ratified on 2 March 2006 by Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai. He is also the majority stakeholder in Dubai World. On 2 July 2006, it was launched as a holding company with more than 50,000 employees in over 100 cities around th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sir William Mackinnon, 1st Baronet
Sir William Mackinnon, 1st Baronet, (13 March 1823 – 22 June 1893) was a Scottish ship-owner and businessman who built up substantial commercial interests in India and East Africa. He established the British-India Steam Navigation Company and the Imperial British East Africa Company. Biography Early life He was born in Campbeltown, Argyll, and after starting in the grocery trade there, went to Glasgow and worked for a merchant who had Asian trading interests. Career Mackinnon went to India in 1847 and joined an old schoolfriend, Robert Mackenzie (trader), Robert Mackenzie, in the coasting trade, carrying merchandise from port to port around the Bay of Bengal. Together they formed the firm of Inchcape plc, Mackinnon Mackenzie & Co and Mackinnon chose to make Cossipore the base for his own activities. In 1856 he founded the shipping company Calcutta and Burma Steam Navigation Company, which would become British India Steam Navigation Company in 1862. It grew into a huge busine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Mackenzie (trader)
Robert Mackenzie (died 15 May 1853) was a trader and co-founder of the Mackinnon Mackenzie Company, now known as Inchcape plc. Career Born in Campbeltown in Argyll, Robert Mackenzie went out to Calcutta in India where, in 1836, he set up an oil goods import and export business and also became involved in the coasting trade around the Bay of Bengal. In 1847, together with William Mackinnon, he co-founded the Mackinnon Mackenzie Company which went on to become a major trading house, shipping goods from India to the United Kingdom. Mackenzie chose Ghazipur as the base for his own activities. In 1853 Mackenzie set out for Australia to seek out trading opportunities for the McKinnon Mackenzie Company. He died on board the SS ''Monumental City'' which was shipwrecked off the coast of Victoria, near Gabo Island Gabo Island is a island located off the coast of eastern Victoria, Australia, between Mallacoota and Cape Howe on the border with New South Wales. It is separated from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inchcape Plc
Inchcape plc is a British multinational automotive distribution, retail and services company headquartered in London. An outgrowth of Calcutta-based Mackinnon Mackenzie Company, Inchcape has operations in 32 countries across Asia, Australia, Europe, Africa and South America. Inchcape is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History 1847–1950 In 1847, William Mackinnon and Robert Mackenzie formed the Mackinnon Mackenzie Company (MMC), a general merchanting partnership based in Calcutta. In 1856 Mackinnon formed the ''Calcutta and Burma Steam Navigation Company'' to carry post to the region: the Company appointed MMC as their agents, secured contracts to transport British troops from Ceylon to India during the Indian Mutiny of 1857 and in 1862 floated on the London Stock Exchange under the name ''British India Steam Navigation Company''. In 1874, James Lyle MacKay joined Mackinnon and Mackenzie in Calcutta and by 1914 was the so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Calcutta
Kolkata (, or , ; also known as Calcutta , List of renamed places in India#West Bengal, the official name until 2001) is the Capital city, capital of the Indian States and union territories of India, state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, commercial, and financial hub of East India, Eastern India and the main port of communication for North-East India. According to the 2011 Indian census, Kolkata is the List of cities in India by population, seventh-most populous city in India, with a population of 45 lakh (4.5 million) residents within the city limits, and a population of over 1.41 crore (14.1 million) residents in the Kolkata metropolitan area, Kolkata Metropolitan Area. It is the List of metropolitan areas in India, third-most populous metropolitan area in India. In 2021, the Kolkata metropolitan area crossed 1.5 crore (15 million) registered voters. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Spin-off
A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they think will have the most growth. In contrast, divestment can also sever one business from another, but the assets are sold off rather t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DP World
DP World is an Emirati multinational logistics company based in Dubai, United Arab Emirates. It specialises in cargo logistics, port terminal operations, maritime services and free trade zones. Formed in 2005 by the merger of Dubai Ports Authority and Dubai Ports International, DP World handles 70 million containers that are brought in by around 70,000 vessels annually. This equates to roughly 10% of global container traffic accounted for by their 82 marine and inland terminals present in over 40 countries. Until 2016, DP World was primarily a global ports operator, and since then it has acquired other companies up and down the value chain. History Early history Dubai Ports International (DPI) was founded in 1999. Its first project was at Jeddah, Saudi Arabia, collaborating with a local partner on the management and operation of the South Container Terminal (SCT). DPI then went on to develop operations at the ports of Djibouti in 2000, Vizag, India in 2002 and Constanta, Rom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
