Newport Shipping UK LLP is a ship management company, registered and headquartered in London, UK and provides a complete and comprehensive range of commercial and technical ship management services both for its own fleet and third party owners. At Newport, we manage dry cargo ships, tankers, and chemical tankers with a dedicated hands on approach.
Our commercial management service covers all aspects including Chartering & Operations, Accounting, Research & Consulting, and Demurrage & Claims.
In the fall of 2013, Newport Shipping UK LLP opened up its first wholly owned subsidiary office in Istanbul in order to have a foothold in the Turkish market. Newport Shipping is planning to open 2 additional subsidiary offices in the US and Singapore by the end of 2015.
Our senior management has extensive ship-owning, ship-broking and finance industry experience having spent decades in leading companies in Oslo, Istanbul, New York, Singapore, Hong Kong and Jakarta.
Newport management previously set up and ran Emirates Ship Investment Company (Eships) from initiation in 1997 until 2006. We grew initial shareholder loans in 1997 of USDm 24 to pre/IPO valuation in 2005 of USDm 147.3, net margin of 83% and ROE yearly of 31.32%. From 1999 to date we have contracted, supervised and taken delivery of more than 35 vessels from shipyards in Korea, China, Japan and Turkey. We have bought and sold more than 20 vessels.
Over the past decade, we have commercially managed more than 100 ships; technically managed and supervised ship management services on more than 50 vessels. Newport management are all serial entrepreneurs with vast experience in all aspects of operations, technical, ship management and ship finance.
Newport management have intractably been involved in setting up multiple shipping companies, contracting new-building vessels and successfully commercially and technically managing these fleets for almost two decades. Such companies include but are not limited to UAE based Combined Cargo UAE, Emirates Ship Investment Company, Eships Tankers, United Arab Chemical Carriers, Bulktransfer Ltd., and EOL Logistics.
Ship management is our core strength. Throughout our careers, we have ensured safe, profitable and secure management of our own ships and on behalf of demanding third party owners. We have overseen and managed full life-cycle of hundreds of diverse vessels throughout their complete life cycle, from design, through construction, operational life, dry-docking, modernization to recycling. At Newport, we operate with a fully integrated commercial management structure responsible for all vessels and contracts.
We are committed to minimizing our environmental impact and we continuously invest in environmentally friendly and fuel-efficient shipping technologies. Our goal in the industry is to be renowned as a leader in ‘zero-impact’ shipping.
We attract and retain the top talent in the industry. Our highly-skilled teams work to ensure that our vessels are operated in a safe, reliable, efficient and compliant manner. We have a proven system that ensures that owners get the greatest value from their assets that are fully maintained, surveyed and audited to comply with all national and international legislations.