Sincere Navigation
International Bulk Shipping, Unlimited Boundaries
Integrity
Decisiveness
Diligence
ABOUT US
Sincere Navigation Corporation is a major international shipping company listed on the Taiwan Stock Exchange and based in Taipei, Taiwan. The company is one of the largest dry bulk shipping company in Taiwan. Founded more than 40 years ago, the company endured volatile industry conditions and its strong fleet and experienced management team continues to contribute to its strong operational growth. Based upon this solid foundation, we hope to continue to develop the company’s operations and work towards a prosperous future.
Discretion
Improvements
Collaboration
Fleet
Our fleet consists of 16 vessels (2 handymax bulk carriers, 9 capesize bulk carriers, 2 kamsarmax bulk carriers, 3 VLCC tankers). The company also expects to take delivery of one 250,000 dwt ore carrier in 2018.
The combined carrying capacity of our fleet, excluding the vessels not yet delivered, is approximately 2.74 million dwt with a weighted average age of 8.2 years.
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Corporate Governance
Sincere Navigation corporation’s corporate governance framework is based on Taiwan’s Company Act, Securities and Exchange Act, Internal Control Act, and other related laws and regulations. In addition, SNC refers to corporate governance practices for establishing an effective corporate governance framework. Our company paid attention to an effective corporate governance framework to protect the rights and interests of shareholders, strengthen the powers of the Board of Directors. In line with this principle, the SNC Board delegates the responsibilities and authority to the Compensation Committee in order to assist the Board’s operations. SNC expects to realize sustainable management and improve company performance through a comprehensive management system.
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Sincere Navigation
Sincere Navigation Corporation (TAIEX: 2605) is one of the world’s leading shipping transportation companies specializing in the ownership of bulk cargo vessels. The Company’s fleet including dry bulk carriers, tankers, and woodchip carriers. The Company was founded in 1968, and has provided high quality, consistent, marine transportation services to clients in key industries such as steel and energy for over 40 years.
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