Wah Kwong Shipping Holdings

The global expansion of world trade which took place as a result of industrialisation following the end of the second world war offered many opportunities to shipowners, particularly in the Japanese market and Wah Kwong was at the forefront in taking advantage of these opportunities. In the mid 1960's, Wah Kwong placed it's 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. In the late 1960's, the group built the then new design of 60,000dwt panamax bulkcarrier, whilst another landmark newbuilding for the group was the construction of the HITACHI VENTURE, which at the the time of delivery in 1982 was one of the largest bulkcarriers ever built at 263,217 dwt and was conceived to provide the most efficient and cost effective sea transport of iron ore for a major steel producer. The "Lily Venture"