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Early origins
The early development of ISS mirrors the early development of the Inchcape Group
which traces its origins back to 1847 when two Scotsmen met in Calcutta. William
Mackinnon and Robert Mackenzie, two merchants from Campbeltown, formed a general
merchanting partnership, Mackinnon Mackenzie & Company (MMC).
Realizing the benefits of combining trading with ocean transport, the business expanded
and diversified. In 1856, Mackinnon at age 34, founded the Calcutta & Burmah Steam
Navigation Company (C&B) and secured from the East India Company the contract for
carrying the mails between Calcutta and Rangoon. Further, he incorporated the company
in London with a capital of £35,000, of which MMC invested £7,000, becoming agents
for the new shipping line.
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