LETH partners with Inchcape Shipping Services through a major
investment to take the company to the next level as the leading
global transit agent.
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OSLO t December 22, 2023 – To maintain long-term delivery of high-quality services to its
clients and the shipping industry at large, LETH has outlined important steps to fulfil this
mission. Increased presence in clients’ locations and digital transformation are two of these.
“LETH will continue as is with the same operating philosophy and great people. Partnering
with Inchcape allows us to take LETH to the next level of becoming the leading global transit
agent. We see potential to increase our presence where our clients are located and the need
to speed up our digitalization process. Inchcape, a portfolio company of private equity fund
Epiris, will provide us the much-needed resources and know-how to succeed”, said Otto
Jervell, CEO of LETH.
Business as usual
“It is business as usual. We will continue to deliver state of the art tailor made services to all
our clients”, said Jervell.
LETH currently handles over 200 transits per month in the Suez Canal and has earned a
reputation for its customer-centric model, exemplified by its close client coordination desk
that offers an exceptional customer experience.
The company also has a presence in the Panama Canal, the Danish and Turkish Straits, and
key bunkering locations such as Singapore and Gibraltar. During 2024 it plans to expand into
markets like the US, Greece, and Asia, providing an enhanced 24/7 service to its clients.
“Supported by Inchcape’s network of close to 250 offices in 60 countries, we will be able to
provide even better services to our clients, being next door to them”, Jervell continued.
Client and service focus second to none
While LETH will leverage Inchcape's global infrastructure, digital transformation capabilities,
and adherence to global standards and processes under its own brand, Inchcape will benefit
from LETH's distinctive and solution-based value proposition, brand strength as a transit
specialist and strong customer relationships.
“From the very first engagement, Jervell and his team have left me with a very strong
impression. Their client and service focus is second to none and very much setting the
industry benchmark. Our team and I feel privileged to be able to work together and continue
to develop meaningful value propositions for our customers. I am extremely excited to see
our true joint potential benefit our partners around the world!" said Inchcape Shipping
Services CEO Philippe Maezelle.
For further information, please contact CEO, Otto Jervell,
[email protected] or visit
https://lethagencies.com/
###
About Leth Suez Transit Ltd AS
Leth Suez Transit Ltd (LETH) with its rich heritage starting in 1924 as a bunker supplier in
Egypt, has grown into a globally recognized top transit agent.
LETH is a leading shipping agency offering our clients a diverse and comprehensive service
portfolio. We work from Egypt, Norway, Denmark, United Arab Emirates and Singapore.
With a growing business on the back of our success in Egypt, we have expanded and become
local service providers in the Danish Straits, Singapore, Gibraltar, and Spain, along with
productive partnerships in Turkey and Panama.
For further information, please visit: https://lethagencies.com/
About Inchcape Shipping Services
Inchcape Shipping Services is the world’s leading Port Agency and Marine Services provider.
Since 1847 Inchcape Shipping Services has provided the local knowledge and means to
deliver port calls that enable businesses to ship smoothly and trade successfully.
Inchcape combines its worldwide infrastructure with local expertise through its global
network of over 247 proprietary offices across 60 countries and a team of over 3,200
committed professionals. Our unique geographical footprint means we can offer customers
a full range of marine services, delivered safely, transparently and with exceptional service
wherever they are in the world.
Our diverse global customer base includes owners, charterers and ship managers in the oil &
gas, cruise, container, and bulk commodity sectors and naval, government and
intergovernmental organizations.
Through the real-time port data and information generated by our global network, coupled
with investments in technology, we provide market and port intelligence that allows our
customers to focus on their core business and make informed decisions.
For further information, please visit: https://www.iss-shipping.com
About Epiris
Epiris is a top-decile private equity firm which invests in opportunities to transform
businesses in partnership with exceptional management teams. It targets control positions
in UK-headquartered businesses with an enterprise value of between £75 million and £500
million, deploying between £40 million and £150 million of equity.
Epiris’ current investments include LoneStar, a supplier of high-performance fasteners to the
world’s energy markets; Delinian, a global B2B information services business; Sepura, a
leading global provider of digital radio systems for mission-critical applications; Inchcape
Shipping Services, one of the world’s largest maritime services providers; Appello, a leading
technology-enabled care provider; Stuart Turner, a producer of pumps and water-boosting
products for residential and commercial uses; Sharps, the UK’s leading supplier of bespoke
fitted bedroom furniture; The Big Table, a leading UK restaurant operator; Nucleus, an
investment platform; Diamorph, a supplier of advanced material solutions for demanding
and safety-critical applications; Bonhams, the global auction house; The Club Company, the
UK’s largest country club operator; and Portals, one of the world’s leading manufacturers of
document security features. In July, Epiris agreed to buy Pure Cremation, the leading
provider of prepaid funeral plans in the UK.
For further information, please visit: www.epiris.co.uk.
