- Business
- Singapore Shipping Corporation Limited Singapore Shipping Corporation Limited (S19.SI), an investment holding company founded in 1935 and headquartered in Singapore, owns and manages a fleet of five vessels primarily chartered out for operations in Singapore, Japan and internationally. The company operates through two main segments, Ship Owning and Agency and Logistics Services; in the Ship Owning segment, it charters various types of vessels including chemical tankers and other specialized carriers, while providing ship management services comprising technical management, procurement, crew procurement and management, ISO/ISM certification and audits, ship inspection, and new construction consultancy. Its Agency and Logistics Services segment offers shipping agency and terminal services such as vessel marketing, documentation support, husbandry, stevedoring, cargo management, supervision of loading/discharging by port captains, stowage pre-planning and vessel turnaround coordination; additionally, through subsidiary Island Line Pte Ltd, it provides logistics and warehousing including international sea/airfreight forwarding, door-to-door delivery, vessel/aircraft chartering, customs clearance, certificate of origin arrangement, carnet and cross-trade shipment, project management, spare parts packing/re-packing, container stuffing, distribution, storage and specialist handling for hazardous, classified, military and niche cargoes leveraging partners in major global cities. The company maintains key business relationships with international principals including Nippon Yusen Kabushiki Kaisha, Mitsui OSK Lines, EUKOR Car Carriers Inc., Hyundai Glovis and Wallenius Wilhelmsen, alongside local logistics clients, and focuses on efficient, profitable and responsible operations across its segments. In recent developments, Singapore Shipping Corporation held its 37th Annual General Meeting in July 2025 highlighting solid financial performance, renewed vessel charters and positive industry insights indicating future growth potential, while issuing its FY2024 sustainability report aligned with Global Reporting Initiative standards and Singapore Exchange requirements.