HISTORY

Universal Navigation Pte Ltd was established in August 1995 as traditional dry bulk ship owners and cement traders. Initially only two freedom type vessels were owned. As more vessels were taken in on longer term period charter the group became more renowned and relationships with other owners, charterers and traders developed. A diverse field of contacts allowed for a competitive broking division to be set up.

Many ship owners and operators struggled in the late 90's during the time of the Asian financial crisis. However, Universal Navigation's relatively diverse portfolio minimized the threat of falling prey to the market.

The new millennium marked a shift in overall market sentiment. Trading became more active and operations expanded into other agricultural and industrial commodities. With the freight market boom in 2003 shipping vessels were purchased more frequently and fleet deadweight more then tripled to 91,221 MTS in 2004 from 30,060 MTS in 1997.

Today a combined fleet deadweight of over 300,000 MTS is owned/operated. With its Headquarters in Singapore and regional offices in Myanmar, Pakistan, Syria, and the Philippines the group is able to maintain and benefit from close relationships with other key international players in the industry.