The name “INTRESCO” (abbreviation from words “International Repair and Shipping Company”) first appeared in the shipping market in 1997 when the company with this name was registered in European Union. At that time the main specialisation of the company was ship repairing and modernisation of different types of vessels followed by their further commercial management.

In December 1998 London office was opened for the purpose of coordination of the company’s shipping and ship repair business. Five months after in order to support Company’s activity in transportation of general cargoes between ports of Black, Azov and Mediterranean seas the Group acquired its first general cargo vessel - shallow-draft single decker “Sagitta”. In August 1999 a branch office in Odessa, Ukraine, was set up as a reply to the growing business of the Company in the sphere of technical management services.

In April 2001 the first bulk carrier - handymax “Selecta”, DWT 44759, 1978 built, was delivered into management of the Company and three years after total number of handysize / handymax type vessels under our management reached six. In June 2006 the first vessel of supramax type - bulk carrier “SANTANA” built by Mitsui in 2001 was passed into Group’s full management.

During summer 2007 Group established its own crewing facility in Odessa, Ukraine.

Four months before the beginning of the 2008 financial crisis the company left ship repair activity shifting its business emphasis to the sphere of the traditional ship management services.

After years of presence in the UK, the Board of Directors decided to relocate all operations from London to Vienna and from the 1st of November 2013 all functions including ship management and ship investments advising activity were moved from London, United Kingdom, to Vienna, Austria.