| Description |
The Company was incorporated in Singapore on 28 April 1988 under the name of Ow
Marine Holding Pte Ltd. On 13 January 2000, the Companys name was changed to
Island Shipping Pte Ltd as part of a restructuring exercise in which the
Company would acquire the shipping and logistics businesses from Hai Sun Group
Ltd (HSH). On 19 October 2000, the name of the Company was changed to
Singapore Shipping Corporation Pte Ltd. The name Singapore Shipping
Corporation was then used by Singapore Shipping Corporation (Pte) Ltd (SSCPL),
then a wholly-owned subsidiary of HSH, and which was proposed to be transferred
from the HSH group of companies to the Company, in conjunction with the
proposed restructuring of the shipping and logistics business of HSH under the
Company. In conjunction with the change of name of the Company to Singapore
Shipping Corporation Pte Ltd, SSCPL changed its name to Island Shipping (Pte)
Ltd. The Company then decided to adopt the name Singapore Shipping Corporation
as it believes that it is a well-established name in the shipping industry,
forming part of the HSH group of companies prior to the Restructuring. On 21
November 2000, the Company was converted to a public company and its name was
changed to Singapore Shipping Corporation Limited.
The operations of the Group and associates are grouped under two divisions:-
(a) ship-owning, ship management and chartering; and
(b) warehousing, bunkering, agency and logistics services.
The range of ship-owning, ship management and chartering services of the Group
and associates encompasses the provision and management of crews for vessels,
technical management of equipment aboard the vessel, operations and the marine
transportation of cargo. A number of these activities are undertaken through
joint ventures with its Japanese and European principals, many of whom are
international shipping concerns. In ship management, the Company established a
ship management joint venture company with Wallenius Lines in October 1998. At
present, the Group, including associates manages a fleet of 34 vessels. The
fleet is chartered to various principals on mainly long-term contracts.
The Group and associates represent various principals, including international
shipping lines such as Mitsui OSK Lines Ltd (MOL), Daiichi Chuo Kisen Kaisha,
Metall Und Rohstoff, First Marine Service Co Ltd, Apollo Shipping Co Ltd, Asahi
Tanker Ltd and Leonhardt & Blumberg. The Company has interests in joint
venture companies which carry on agency, bunkering, transportation, warehousing
and logistics-related businesses.
Additional info from SGX:
The Company was incorporated in Singapore on 28 April 1988 under the name of Ow
Marine Holding Pte Ltd. On 13 January 2000, the Companys name was changed to
Island Shipping Pte Ltd as part of a restructuring exercise in which the
Company would acquire the shipping and logistics businesses from Hai Sun Group
Ltd (HSH). On 19 October 2000, the name of the Company was changed to
Singapore Shipping Corporation Pte Ltd. The name Singapore Shipping
Corporation was then used by Singapore Shipping Corporation (Pte) Ltd (SSCPL),
then a wholly-owned subsidiary of HSH, and which was proposed to be transferred
from the HSH group of companies to the Company, in conjunction with the
proposed restructuring of the shipping and logistics business of HSH under the
Company. In conjunction with the change of name of the Company to Singapore
Shipping Corporation Pte Ltd, SSCPL changed its name to Island Shipping (Pte)
Ltd. The Company then decided to adopt the name Singapore Shipping Corporation
as it believes that it is a well-established name in the shipping industry,
forming part of the HSH group of companies prior to the Restructuring. On 21
November 2000, the Company was converted to a public company and its name was
changed to Singapore Shipping Corporation Limited.
The operations of the Group and associates are grouped under two divisions:-
(a) ship-owning, ship management and chartering; and
(b) warehousing, bunkering, agency and logistics services.
The range of ship-owning, ship management and chartering services of the Group
and associates encompasses the provision and management of crews for vessels,
technical management of equipment aboard the vessel, operations and the marine
transportation of cargo. A number of these activities are undertaken through
joint ventures with its Japanese and European principals, many of whom are
international shipping concerns. In ship management, the Company established a
ship management joint venture company with Wallenius Lines in October 1998. At
present, the Group, including associates manages a fleet of 34 vessels. The
fleet is chartered to various principals on mainly long-term contracts.
The Group and associates represent various principals, including international
shipping lines such as Mitsui OSK Lines Ltd (MOL), Daiichi Chuo Kisen Kaisha,
Metall Und Rohstoff, First Marine Service Co Ltd, Apollo Shipping Co Ltd, Asahi
Tanker Ltd and Leonhardt & Blumberg. The Company has interests in joint
venture companies which carry on agency, bunkering, transportation, warehousing
and logistics-related businesses.
|
|---|