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HISTORY

National Navigation Company was established as an Egyptian free-zone company in 1981 by law 43/1974 and its amendments with a paid capital of 50 million USD (100% Egyptian Capital),

In 1985, the company bought 6 vessels with a total tonnage capacity of 244,000 tons divided into 2 vessels (of 32,000 tons deadweight each) and 4 vessels (of 45,000 tons deadweight each) with a total investment cost of 132 million dollars self financed from its retained earnings/operating surpluses.

During the period from 1993 till 2000 the company adopted a replacement and renewal policy of its fleet by selling 4 dry bulk vessels which were old aged, each was 45,000 tons and bought  4 new dry bulk  vessels each was 70,000 tons, besides a container ship with a capacity of 3000 teu (first container ship to join the Egyptian fleet), in addition to a ferry vessel with a capacity of 1000 passenger resulting in a total tonnage capacity of 321,000 tons with an overall investment cost of $ 240 million, self- financed through retained earnings/ operating surpluses.

In 2003 and according to the government’s policy in managing investment portfolios for holding companies, Egyptian Company for Maritime Transport was merged to National Navigation Co.  resulting in a capital surplus of 150 million dollars and an increase in the company’s fleet with 2 dry cargo vessels (of 70,000 tons deadweight each) and a ferry vessel  of a total capacity of 1000 passenger besides 2 general cargo vessels (of 12,000 tons deadweight each) resulting in a total  company's fleet of 13 ships with a total  tonnage of 553, 000 tons.

In 2005, National Navigation Co. has acquired 90% of Egyptian Navigation Company and 70% of Egyptian Shipping Transport (MARTRANS). Therefore the capital of National Navigation Co. has risen to be 180 million USD.

In 2009, National Navigation Co. continued its expansion strategy by engaging in new activities to overcome market fluctuations and its risks like  shipping imported crude and coastal petroleum , so the company took the initiative to establish the National Company for Shipping Petroleum with a capital of 50 million dollars as the first Egyptian company specialized in petroleum transportation and its products as well as  gas whether  domestically or  internationally and NNC contributes by 25% of its capital. Currently and as a continuity of the company's policy in the framework of its strategy to enhance, support and develop its fleet , NNC signed  a 6-dry bulk vessels shipbuilding contract that is considered the biggest  in the Egyptian maritime history.  Those new generation vessels with payloads that coincide with the international trade requirements and the latest technological developments in shipbuilding have a total tonnage capacity of 440,000 tons at an investment cost of $ 445 million. This is considered a new addition supporting the national commercial fleet whose vessels did not have this tonnage capacity before.  On receiving those new vessels the company’s total fleet capacity reached almost 1 million tons with a total of 18 vessels making the company eligible to rank the 47th worldwide among the top 1500 global giant shipping companies in the field of dry bulk with a total investment of 1 billion and one hundred million dollars. Moreover, the total tonnage capacity of the company’s dry bulk fleet is considered the biggest held by one company among all other companies working in the dry bulk field in the Middle East.

 

Affiliated COMPANIES

The Egyptian Company for Maritime Transport (MARTRANS)

The company was established in 1957 as a freight forwarding company for importing and exporting cargoes consigned to Egyptian state owned enterprises as well as public and private sector companies. In October 2005, NNC acquired 70 % of the shares of MARTRANS.

www.martrans-egypt.com

 

Egyptian Navigation Company (ENC)

The company was established in 1961 as an Egyptian joint stock company working in the field of ships ownership and operations, with a major target of contribution to the Egyptian foreign trade through its commercial fleet. In 2005, NNC acquired 90% of the shares of ENC.

www.enc.com.eg

 

Egyptian Tanker Company (ETC)

The company was established in 2009 in the framework of NNC policy to engage in new activities like shipping coastal oil and imported crude. It is considered the first Egyptian company specialized in shipping petroleum products and gas locally and internationally. ETC was established with a capital of  $ 50 million, with NNC contributing with 25% of this amount.

www.egtanker.com

 

National Stevedoring Company (NSC)

The company was established in 1994 to carry on automated loading and unloading operations at the port of EL- Dekhela in the framework of the government’s trend to encourage the private sector, with a capital of $ 63 million Egyptian pounds, NNC contributing with about 7% of that capital.

 

 

 

AWARDS

ISM Code

International Safety Management Code

ISO 9001:2015

Quality management systems

ISO 14001: 2015

Environmental management systems

OHSAS 18001: 2007

Occupational health and safety management systems

Integrated Standards

Integrated management systems standards

 

 

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