In 1993, ISS was established to manage the Group's global shipping operations. The primary task was to transform what was then a loose federation of ship agents into an integrated international network with defined and common service standards worldwide.
In 1999, in a move to focus on its burgeoning motor trade, the Inchcape Group divested ISS which was purchased by Electra investment Trust Plc, a British investment group. Electra fostered the strategic goals of ISS providing finance for acquisitions and technology advances, which enabled ISS to further develop its role as the world’s leading ship agency.
In January 2006 Electra sold ISS to Istithmar PJSC, a major investment house based in the United Arab Emirates focusing on private equity, real estate and other alternative investments. Established in 2003, Istithmar was created with the key mission of earning exceptional returns for its investors while maintaining due regard for risk.