China Navigation Company

Last updated

The China Navigation Company Limited
Swire Shipping
Swire Bulk
Company typeLiner, dry bulk shipping, project cargo shipping, landside logistics, and integrated logistics
Industry Shipping
Founded1872
Founder John Samuel Swire
Headquarters
Key people
Sam Swire (chairman)

Swire Shipping: Jeremy Sutton (CEO)

Swire Bulk: Peter Norborg (CEO)
Parent Swire Group
Website www.swirecnco.com
www.swireshipping.com
www.swirebulk.com
www.swireprojects.com

The China Navigation Company Limited (CNCo) is a London-based holding company of merchant shipping companies Swire Shipping Pte Ltd and Swire Bulk Pte Ltd, both of which are headquartered in Singapore. [1] [2] [3]

Contents

The Swire flag is also the house flag of CNCo. Swire house flag.svg
The Swire flag is also the house flag of CNCo.

CNCo is part of the Swire group and wholly owned by John Swire & Sons Limited. Swire Shipping was formerly known as the China Navigation Company until October 2021, when it was renamed Swire Shipping. [4]

History

1872–1945: Yangtze River origins

Scotts of Greenock, Scotland built the coastal steamship SS Shenking for CNCo in 1931 Shenking (1931) berthed.JPG
Scotts of Greenock, Scotland built the coastal steamship SS Shenking for CNCo in 1931
Taikoo Dockyard built SS Shuntien in Hong Kong in 1934. She was SS Shengking's sister ship. SS Shuntien (1934).jpg
Taikoo Dockyard built SS Shuntien in Hong Kong in 1934. She was SS Shengking's sister ship.

Founded in London in 1872 by John Samuel Swire, CNCo was established with the intent of providing paddle steamer services on the Yangtze River. [5] [6] [7] The company was started with an initial investment of £360,000 provided primarily by John Samuel Swire and William Hudson Swire, along with other shareholders, including the father of James Henry Scott of Scotts' Shipbuilding. [8] [9] [10]

John Swire and Sons (JS&S) initially commissioned the construction of three ships for trade on the Lower Yangtze in 1873. That same year, they also purchased the Union Steam Navigation Company, which included CNCo's first two ships, Tunsin and Glengyle, along with property leases in Shanghai and other river ports. [6] Later in 1873 and in 1874, the three originally ordered paddle streamers arrived from A & J Inglis – Pekin, Shanghai, and Ichang. James Henry Scott joined as a partner in 1874, and together with JS&S, they acquired two steamers, named Fuchow and Swatow, from John Scott IV, who also invested in these vessels. The two vessels laid the foundation for the formation of a new company, the Coast Boats Ownery (CBO), which was set up to manage China coastal trade. [9]

By the mid-1870s, CNCo expanded its operations to the Canton River trade and the Shanghai-Ningbo and Shanghai-Tianjin routes. [11] The company faced intense competition, rate wars, and entered into pool agreements with rival firms, reflecting the volatile nature of the Chinese shipping industry in the late 19th century. [11]

By 1883, the five steamships managed by CNCo's managing firm, Butterfield & Swire, and which were primarily serving South China routes, were also integrated into CNCo's own fleet. In the same year, CBO merged with CNCo, and operated as the Coastal Steamers section of CNCo with an expanded fleet. [12] [13]

CNCo's fleet grew to 29 ships by 1894, serving an extensive network of ports across Asia and other regions. [6] The company faced numerous challenges in the 20th century, including political turbulence and piracy in the Far East, but continued operations through both World Wars. [6] Initially focusing on the Yangtze River trade, the company expanded its operations to include coastal and regional routes by the late 19th century. [6]

In 1939, CNCo first became involved in the Papua New Guinea trade, which ceased with the start of the war. [14]

In 1940, the CNCo fleet was requisitioned by the British Government during the World War II, while CNCo maintained its operations from an office in Bombay. [6] In 1945, it returned to Shanghai and Hong Kong, and operations gradually resumed. [6] CNCo's business on the North China Coast (from Ningpo north) and the Yangtze River was undertaken from Shanghai, while the South Coast, Canton trade and all Australian, South East Asian, and Philippines routes were handled out of Hong Kong. The growth of CNCo eventually led to shipping becoming the predominant focus for Butterfield & Swire. [15]

1945–present: Post World War II

CNCo re-entered the trade in the 1950s and began new trading routes in the region, from Australia to Papua New Guinea and the Pacific Islands. [14]

Post-World War II, the company innovated in the Pacific trade routes, notably introducing "unitisation" in cargo handling during the 1960s, and later transitioning to full containerisation. [6] The company also diversified into passenger cruising and the dry bulk carrier market, and in the 1980s, ventured into the Very Large Crude Carrier market. [6] The 1990s saw a consolidation of management operations in Sydney, while its New Zealand operations were hinged on its investments in Tasman Asia and Tasman Orient Line. [6]

In 2009, CNCo relocated its headquarters to Singapore, establishing The China Navigation Company Pte Limited as a subsidiary of the UK-registered parent company. [16] Its global liner operations, and all existing ship-owning and operating activities, are being managed out of the new office in Singapore. The office opening ceremony in 2010 was attended by Lim Hwee Hua, then Minister in the Prime Minister's Office and Second Minister for Finance and Transport. [17]

In 2012, CNCo established Swire Bulk to manage its dry bulk shipping activities, and in 2021, separated it to focus on liner shipping and fleet management. [18]

In 2014, CNCo acquired New Zealand-based Pacifica Shipping. [19] [20]

In 2020, CNCo launched Swire Projects to provide specialised project cargo shipping services. [21]

In 2021, CNCo rebranded as Swire Shipping. [4] A year later, Swire Shipping acquired US-based Westwood Shipping Lines. [22] [23]

Current fleet list

Swire Shipping

MIHOS

PACIFIC CLASS

HERITAGE CLASS

PNG CLASS

FIJI CLASS

WESTWOOD

WEIHAI1300

CC9K

CV1700

Swire Bulk

Notable former vessels

A. & J. Inglis of Glasgow built the sidewheel river steamship PS Hankow for the China Navigation Co in 1874 PS Hankow.jpg
A. & J. Inglis of Glasgow built the sidewheel river steamship PS Hankow for the China Navigation Co in 1874
John Swire's subsidiary Taikoo Dockyard in Hong Kong built SS Whang Pu for China Navigation Co in 1920 Whang-Pu port.jpg
John Swire's subsidiary Taikoo Dockyard in Hong Kong built SS Whang Pu for China Navigation Co in 1920
Anshun lying on her side in Milne Bay, New Guinea 1942. HMAS Anshun wreck.jpeg
Anshun lying on her side in Milne Bay, New Guinea 1942.
Taikoo Dockyard built the riverboat MV Wulin for the China Navigation Co in 1935 MV Wulin.jpg
Taikoo Dockyard built the riverboat MV Wulin for the China Navigation Co in 1935

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References

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Further reading