Who we are?
National Navigation Company-N.N.C is the leading Company in the field of Maritime Transport in the Middle East, specializing in shipping of Dry Bulk Cargo. The Company was founded in 1981 as an Egyptian Joint Stock Company under the Investment and Free Zone System, with a paid up Capital of US $ 50 Million Dollars at that time. The capital reached US$ 375 Million Dollars by 2019. The Company operates under the provisions of Investment and Free Zone Law no. 72 of year 2017. The holding Company for Maritime and Land Transport along with its affiliated companies, contribute with 57% of the capital, while the National Bank of Egypt contributes with approximately 40%, and the remaining 3% of the contributions is from the banking sector and public offering.
In line with Egypt Sustainable Development Strategy vision 2030, the company’s goal is to build, operate and enhance the Egyptian merchant fleet, to contribute in securing and expanding Egypt’s foreign trade through advanced management and an innovative working environment that supports the human element, by using a modern, safe and eco-friendly fleet.
- Owning, Purchasing, Selling, Hiring, Chartering, and Operating all kind of vessels, to provide global shipping services for all types of cargo to meet the needs of our customers and partners with high efficiency and punctuality.
- Providing a wide range of Agency services in the Egyptian ports, in addition to transit services through Suez Canal and other variety of services providing the highest operating efficiency for both company and customers.
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 old aged dry bulk vessels, 45,000 tons each and bought 4 new dry bulk vessels 70,000 tons each, in addition to 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 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 a capital surplus of 150 million dollars and an increase in the company’s fleet with 2 dry cargo vessels (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. raised to 180 million USD.
In 2006 In a continuation of what the Company has done throughout its journeys since its establishment in adopting some strategic policies, diversifying its activity, and entering into new activities to face the fluctuations of the shipping market and the risks arising therefrom, the Company entered the field of transporting petroleum, its derivatives and gas locally and internationally through the establishment of the Egyptian Tanker Company (ETC) with an issued capital of 50 million dollars, in which National Navigation Company contributes with 25% with each of the Egyptian Kuwaiti Holding Company and some Egyptian companies, authorities, and banks. The Company currently owns 3 vessels transporting crude oil and its products with a total tonnage of 268,000 DWT.
In 2010, 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.
In 2020 As part of the Company's strategy to replace and renew its fleet, the Company has purchased the “Wadi Al-Malekat” Kamsarmax class vessel. The vessel was delivered and the Egyptian flag was raised on March 2021.
In 2022, As part of the completion of the replacement and renewal plan, the company has purchased "Wadi Almolouk" Kamsarmax class vessel. The vessel was delivered and the Egyptian flag was raised on December 2022.
In the field of achieving safety and security for the Company and its owned vessels, National Navigation Company was the pioneer in the application of safety and quality systems under the supervision of the International English Classification and Supervision Agency “Lloyd's”, the Company obtained in February 1998 a certificate of conformity with the requirements of the International Safety Management Code for vessel and the Management Quality Certificate (ISO 9002-1994) of the Quality Management Systems.
In 2000, the (ISO 9001-2000) Quality Certificate and it has been continuously updated to reach the latest version of Quality Management for the year 2015, where the ISO 9001-2015 Certificate was obtained.
The International vessel Security Certificate in 2003 under the provisions of the international vessel and Port Facility Security (ISPS) Code.
The BS (18001) Certificate of Occupational Health and Safety Management Systems in 2008, which was merged to become (ISO 45001) in May 2020.
In addition to the ISO (14001) Certificate of the Environmental Management System in 2011.
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