CHINA > Swire Group’s shipping company, CNCo, is set to open its new China headquarters in Shanghai
A major global player in the shipping industry, China Navigation Company (CNCo), is a wholly owned subsidiary of the Swire Group. Although, CNCo was founded in Shanghai 147 years ago, it was later acquired by Swire Group and is now returning to its birthplace as a new China headquarters. CNCo operates in Australia, China, PNG, Fiji, India, New Zealand and the US. CNCo owns and manages more than 130 vessels through its three divisions namely: Swire Shipping, Swire Bulk and Swire Bulk Logistics. Currently headquartered in Singapore, CNCo is aiming to partner with key Chinese shipbuilders.
According to Mr. James Woodrow, Managing Director of CNCo:
“Shipping markets have come to depend heavily on China and we believe the shipping industry will continue to be greatly influenced by China. While China generates demand, it also creates supply.
China’s growth as a major player in the shipbuilding industry has truly been remarkable. The partnerships we have established with key Chinese shipbuilders are testimony of this growth. We have since built 37 vessels in China and have eight feeder container vessels to be built at the China State Shipbuilding Corporation’s Wenchong shipyard for delivery in 2019/20. We will continue to assess modern and fuel-efficient designs to provide an industry-leading product to our customers in China far into the future.”
Swire Shipping and Swire Bulk divisions are present in Shanghai office which is located in the HKRI Taikoo Hui building, a mixed-use development by Swire Properties situated within Jing’an District, a key commercial and financial sector of Shanghai
About The China Navigation Company Pte. Ltd (CNCo)
Founded in 1872, CNCo is a wholly owned deep-sea ship owning and operating arm of the multinational Swire Group. CNCo operates a global network of multipurpose liner services for the transportation of containerized, break-bulk, heavy lift and project cargoes in addition to providing dry bulk and bulk logistics services on a worldwide basis, through its three core operating divisions – Swire Shipping, Swire Bulk and Swire Bulk Logistics.
About John Swire & Sons Limited
Founded in 1816, John Swire & Sons Limited through its subsidiaries offers property, aviation, agribusiness and food chain, marine services, and trading and industrial services in Mainland China, Hong Kong, Australia, Papua New Guinea, East Africa, Sri Lanka, the United States, and the United Kingdom. Headquartered in the UK, John Swire & Sons Limited develops, invests, owns, manages, and operates mixed-use, commercial, industrial, and residential properties; owns and operates a chain of hotels in Hong Kong, China, the United Kingdom, and Papua New Guinea; and produces, imports, and distributes tea, flowers, fresh produce and rubber products, vegetable oils, soups and broths, condiments and seasonings, ice creams, sugar products, salt, and pepper, as well as soft drinks, liquors, and ready-to-drink beverages.
Additionally, the company also provides passenger and cargo airline services; air, outside, and terminal catering services; aircraft repair, overhaul, engineering, and maintenance services for commercial and general aviation markets; cargo and airport ground handling services; travel agency services for various business and leisure travel packages; refrigerated warehousing, logistics, and bulk and long-haul transport services; and liner shipping, offshore support, ship repair and engineering, shipping agencies and stevedoring, and manning services for the oil and gas industry.