Ship agency giant Inchcape Shipping Services has snapped up the Norwegian port and agency operations of Grieg Group.

Inchcape said it is paying an unspecified sum for Grieg Logistics, calling it an “exciting development”.

The buyer said Grieg Logistics is a “renowned” brand inside and outside Norway, operating terminals at Tonsberg, Mosjoen and Skalevik, as well as ship agencies along the coast.