London-based shipping agency Inchcape Shipping Services (ISS) acquired a majority stake in Egypt's Leth Suez Transit Ltd AS (LETH), a company founded in 1924 as supplier of marine fuels, which subsequently began to operate as a shipping agency, providing a wide range of services ships transiting the Suez Canal as well as those through the Panama Canal and the Bosphorus Strait, and has offices not only in Egypt but also in Denmark, Malta, Norway, Singapore, Spain and Turkey. Following the LETH acquisition will maintain its independence and its own company name and will continue to be led by the CEO Otto Jervell, who will hold the remaining stake in the capital social.

Inchcape Shipping Services, which since mid-2022 has been Owned by the London-based private equity firm Epiris, has 247 offices in 60 countries.