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2010 REPORTS > HONG KONG - FEBRUARY 27, 2010
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GMT Shipping Group focuses on Africa  
The m/v African Coastal One is one of the two newly built vessels assigned to GMT Shipping Group’s coastal service in Africa.
Hong Kong-based GMT Shipping Group specializes in transporting steel products, general and project cargo, as it provides first-class services to all major ports in West Africa, the Middle East, India and China to and from the Baltic Sea, Black Sea and Brazil.

Backed by over 44 years of experience in international shipping and related activities as well as long, good standing relationships with customers, Founding Chairman Bosco Ngan continuously develops strategies to bring further growth and ensure the company’s commitment to safety, reliability and excellent service.

“We have engaged ourselves in a total commitment to provide our customers with truly value-added services and cater to their each and every need. Our strong commitment to safety and reliability in our services has allowed us to maintain a solid position in a niche market today after almost 30 years,” Ngan says.

Last November, GMT Shipping Group formally announced the launching of Africa Coastal Shipping Line (ACSL) service, which provides a fully integrated coastal service between South and West Africa.

Ngan aims to launch this groundbreaking service in the first quarter of 2010 to highlight the importance of Africa and develop the huge potential of intra-Africa trade.

“The conceptual framework of Africa Coastal Services six years ago was a very important milestone for us, designed to complement the Ghana Ports and Harbors Authority’s plan to position the port as a main gateway into Africa. The service will be complemented and supported by our 50,000-sq.-meter, multipurpose terminal in Tema as a hub for trans-shipment of goods into other ports of Africa.” says Ngan.

GMT Shipping Group Founding Chairman Bosco Ngan (center) with offi cials from the West Africa Port Authority (left to right): Sery Drepoba Leandre, Yehiri G. Christophe, Mambe Pierre and Ado Ado Jean Jacques Louis

To fully support this line, GMT Shipping Group assigned its two newly built, multipurpose vessels of 7,500 deadweight tons – the m/v African Coastal One and m/v African Coastal Two.

“Our dream planning is to eventually have six vessels in about three years’ time to meet growing service requirements along the whole African coast, a region abundant with resources and plenty of potential,” says Ngan.

At present, GMT Shipping Group has offices in 18 countries, including Belgium, Brazil, China, Greece, India and Nigeria.

In Africa, it operates in Angola, Benin, Cote d’Ivoire, Ghana, Liberia, Nigeria and Senegal and plans to expand to other markets, including Japan, the U.S. and Australia.

“I believe in the competitive strength of Japan and I see great potential for partnerships in the shipping business,” says

Ngan, who urges Japanese foreign aid offices and other trading and industrial corporations to link up with GMT Shipping Group for their development projects in
Africa.

www.gmtshippping.com

 
 
Table of Contents
Country Information
Hong Kong navigates through rough seas
DCH offers collaborative partnership and a gateway into China
Crown Motors still leads the pack in Hong Kong
Dah Sing banks on the growth of the Pearl River Delta
GMT Shipping Group focuses on Africa
Ship management specialist serves the world
TCM grows slowly but surely
Japanese trading giant maintains confidence in South China
The center of Asia, the world’s city


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The Hong Kong General Chamber of Commerce (HKGCC), the oldest and largest business organization in Hong Kong, has remained an influential voice of the region’s business community. With a membership consisting of over 4,000 multinational companies, the HKGCC advocates policies that improve Hong Kong’s economic environment and serves as a vital bridge to business connections all over the world. www.chamber.org.hk

The Japan External Trade Organization (JETRO) promotes foreign direct investment into Japan and helps small- to medium-size Japanese firms maximize their global export potential. Founded in 1958, JETRO has 71 offices in 54 countries. www.jetro.go.jp

The Hong Kong Japanese Chamber of Commerce and Industry represents the specific interests of Japanese traders in Hong Kong in relation to commercial and mercantile matters, and promotes understanding and friendship between its members and other locally based chambers of commerce and similar business associations. www.hkjcci.com.hk

Over the past 50 years, the Hong Kong Shipowners Association has emerged as one of the world’s largest such groups as it thrives on the deeply rooted entrepreneurial nature of the busy port region, boosted by the government’s business-friendly policies. Its main purpose is to promote the interests of Hong Kong’s shipowners, ship managers, as well as the growing number of local professionals and services working with its members. www.hksoa.org

 
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