Inchcape Shipping Services Holding Ltd News

The decision to suspend Inchcape Shipping Services Holding Ltd. (ISS) came in a statement from Rear Admiral John F. "The Navy announced today it suspended Inchcape Shipping Services Holding Ltd. (ISS) and its affiliated companies from contracting with the Federal government on November 26, 2013. The suspension prevents Department of the Navy (DON) and all other Federal departments and agencies from entering into any new contracts, exercising options under existing contracts or issuing any new task or delivery orders under indefinite quantity contracts with ISS or its affiliates above the minimum guarantee during the period of suspension without agency head approval. ISS is a provider of husbanding services to the DON.