U.S. Navy suspends Inchcape Shipping Services

Dec. 2, 2013 at 1:08 PM

WASHINGTON, Dec. 2 (UPI) -- The U.S. Navy has suspended Inchcape Shipping Services Holdings Ltd from doing any new business with the service because of alleged suspect business practices.

"The suspension prevents [the] Department of the Navy 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, the Navy said.

The Navy said suspension of the company, which is headquartered in Britain, was recommended by it Acquisition Integrity Office and was "based upon evidence of conduct indicating questionable business integrity."

The statement by the Navy did not elaborate on the alleged business practices that led to the suspension.

"The ... decision reinforces the high standards of conduct and business practices to which the Department of the Navy holds contractors who desire to do business with the federal government," it said.

Inchcape provides maritime services to the Navy in regions such as the Middle East and Asia.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Hess completes Bakken joint venture
Whole Foods apologizes for overcharging customers
BP settles with U.S. coastal states for $18.7 billion
Momentum builds behind giant Norwegian oil field
Brazil orders search-and-rescue aircraft