Wah Kwong Maritime Transport Holdings
Limited own, and jointly own through joint venture arrangements, one of the youngest fleets of
modern mid to large sized bulkcarriers and tankers
in the world.
The origins of our Group go back to 1952 when Mr. T.Y. Chao, the father of George Chao, our current President and grandfather of our Chairman Sabrina Chao, established his shipping business in Hong Kong. Along with other independent Hong Kong shipowners, our fleet grew to meet the growing post war industrial growth in Japan. In those days our ships were pre-fixed on long term time charters primarily to Japanese charterers with financing secured on the back of the time charters. The use of time charters reduced the exposure to market volatility, and is a chartering methodology that the Group maintains to this day.