China Navigation

Clipper Group ex-CEO Peter Norborg will be Swire Bulk’s CEO when the Swire Bulk completes a reverse merge from parent China Navigation Co (CNCo) in January 2021. Currently, Singapore-based shipowner and operator China Navigation’s (CNCo) sister company Swire Bulk is managed by Rob Aarvold. Peter Norborg is going to work with Rob Aarvold. Sam Swire, chairman of Singapore-based shipowner and operator China Navigation’s (CNCo), expects Rob Aarvold to expand the dry bulk business of the Swire Bulk. China Navigation’s (CNCo) statement highlighted Peter Norborg’s remarkable CV as a top-level administrator in shipping corporations like Dampskibsselskabet Norden A/S, Gearbulk, and J Lauritzen. According to China Navigation’s (CNCo) chairman Sam Swire, Peter Norborg will bring outstanding administration experience. In January 2021, China Navigation’s (CNCo) will demerge and organize Swire Bulk as a stand-alone company. China Navigation’s (CNCo) will split its dry bulk shipping activities from its liner shipping and ship management. Singapore-based was founded in 2012. In 2019, China Navigation’s (CNCo) acquired Hamburg Sud Tramp and expanded its operated fleet up to 150 bulk carriers. Since 2012, Swire Bulk has expanded swiftly. Singapore-based shipowner and operator Swire Bulk emphasized that the company would be after splitting from China Navigation (CNCo). 30-September-2020

 

Singapore-based shipowner and operator China Navigation (CNCo) shipped 50K tons of raw sugar from Brazil to Malaysia as the world’s first end-to-end environmentally sustainable sugar cargo. China Navigation (CNCo) cooperated with VIVE for green sugar shipments. Swire Bulk was the dry bulk arm of China Navigation (CNCo), but Swire Bulk and Navigation (CNCo) separated the companies. In sugar shipping history, this is the first time sugar produced under the VIVE sustainability programme has been carried by China Navigation (CNCo) which is verified and delivered to a VIVE-verified end user. VIVE began to reach long-term partners like China Navigation (CNCo) to ship and deliver a definitely sustainable and accredited supply chain from field to factory. Furthermore, China Navigation (CNCo) was examining to enhance gender diversity with the first female cadets. Swire Bulk and China Navigation (CNCo) was accredited for standard operating procedures by VIVE, plus from welfare to safety to sustainability. Swire Bulk and China Navigation (CNCo) demonstrated transparency and proactive management. Swire Bulk and China Navigation (CNCo) cooperated with all stakeholders in the commodities chain, including trade financiers. According to Swire Bulk and China Navigation (CNCo), other dry bulk operators should get involved with sustainability leadership such as VIVE. 19-August-2020

 

Singapore-based shipowner and operator China Navigation (CNCo) sold 1994 built multipurpose bulk carrier MPP 23K DWT MV Kwangtun for $370 per ldt (lightweight displacement tonnage) for guaranteed green recycling. 2-December-2019

 

Singapore-based shipowner and operator China Navigation (CNCo) has signed a sale and leaseback deal with CDB Leasing for two modern handysize bulk carriers 38K DWT MV Nanning and 40K DWT MV Ninghai. CDB Leasing is paying around $19 million each vessel with a 3-year bareboat charter back to China Navigation (CNCo). Singapore-based China Navigation (CNCo) is planning to acquire Hamburg Sud’s bulk shipping business. Singapore-based shipowner and operator China Navigation (CNCo) has a fleet of 27 bulk carriers. 22-January-2019

 

China Navigation Company (CNCo) acquired Hamburg Sud’s Bulk Shipping business. Hamburg Sud’s bulk shipping business includes Rudolf A. Oetker (RAO), Furness Withy Chartering London, and Alianca Navegacao (Aliança Bulk) Rio de Janeiro. The deal does not include Rudolf A. Oetker Tankers (RAO). Hamburg Sud’s Bulk Shipping business acquisition would help China Navigation Company (CNCo) to develop strategic expansion into the supramax market. Hamburg Sud’s Bulk Shipping chartered tonnage comprises approximately 45 handysize up to panamax dry bulk carriers. China Navigation Company (CNCo) is part of the Swire Group. Swire Group owns and operates about 135 ships. In 2017, AP Moller-Maersk acquired Hamburg Sud’s container fleet from the Oetker family. 21-January-2019

 

Singapore-based shipowner and operator China Navigation (CNCo) bought 2016 built 38K DWT handy bulk carrier MV Sulawesi for around $15 million. The price tag of MV Sulawesi is in line with the sisterships 2016 built MV Cumbria, MV Galicia, and MV Venezia. 9-December-2016