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With a proud history stretching back over fifty years and a clear vision of the future, Wah Kwong Shipping Holdings Limited owns and operates a fleet of LPG carriers and through it’s subsidiary company, Wah Kwong Maritime Transport Holdings Limited, maintains a fleet of modern bulkcarriers and tankers from the company’s home base in Hong Kong.
Wah Kwong was originally established in 1952 by T.Y. Chao, who had first entered the shipping industry in his home city of Shanghai prior to moving to Hong Kong in 1948. The global expansion of world trade which took place as a result of industrialization following the end of the second world war offered many opportunities to shipowners, particularly in the Japanese market.
In the mid 1960s, Wah Kwong placed its first order
for a new ship at Sanoyasu Dockyard in Japan, the 16,000dwt bulkcarrier ‘NEW VENTURE’. This was
the start of a long relationship with Japanese shipyards, financiers and charterers, which has seen Wah Kwong build in excess of a hundred vessels at Japanese shipyards.
By the early 80s, the Wah Kwong fleet had expanded to over fifty modern vessels with a capacity in excess of 4 million dwt, comprising some of the largest
and most sophisticated tankers and bulkcarriers
then at sea.
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The company’s policy of employing the vessels on medium to long term charters to industrial end users and other major charterers continues to this day.
Having undergone many changes through the turbulent 1980s and 1990s, during which time the company was listed on the Hong Kong Stock Exchange, the company continues to be an established member of the Hong Kong maritime community. A reorginsation in 2008 created a new wholly owned subsidiary, Wah Kwong Maritime Transport Holdings Limited, which now represents the bulkcarrier and tanker interests of Wah Kwong.
Wah Kwong Shipping Holdings currently have ten small LPG carriers on order, which are all being built in Japan and will be held in joint venture with an established business partner. The existing vessels were all ordered by Wah Kwong using their established technical and shipmanagement departments to ensure that these ships continue to maintain the company’s ability to provide customers
with quality, long term shipping solutions. ■
If you would like to be forwarded to the
Wah Kwong Maritime Transport Holdings website please click on the link below: |
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