Inchcape bets on Korea's global shipbuilding push, growing naval MRO market

What happened: Inchcape Shipping Services is expanding in South Korea, adding offices in Busan in March 2024 and Geoje in November 2025, and is targeting the country's naval maintenance, repair and overhaul market alongside commercial shipping. Key numbers: Asia-Pacific was 46 percent of worldwide port calls in 2025, up from Why it matters: Regional CEO David Pratt called Korea a very key market and pledged continued investment, citing shipbuilding strength and growing naval support. Government services VP Nicolas Wauters said partner navies show growing interest in Korea's MRO capacity.

Inchcape Shipping Services is expanding in South Korea, adding offices in Busan in March 2024 and Geoje in November 2025, and is targeting the country's naval maintenance, repair and overhaul market alongside commercial shipping.

Regional CEO David Pratt called Korea a very key market and pledged continued investment, citing shipbuilding strength and growing naval support. Government services VP Nicolas Wauters said partner navies show growing interest in Korea's MRO capacity.