2Nd ISSUE 2014 SWIRENEWS 30 2Nd ISSUE 2014
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0 Swire Pacific Annual Report 2009 Quality in Every Detail Swire Properties Believes That the Quality of Its Planning and Design Creates Long-Term Value
0 Swire Pacific Annual Report 009 Quality in Every Detail Swire Properties believes that the quality of its planning and design creates long-term value. Swire Pacific Annual Report 009 Review of Operations Property Division Swire Properties’ property investment portfolio in Hong Kong comprises office and retail premises in prime locations, as well as hotel interests, serviced apartments and other luxury residential accommodation. The completed portfolio in Hong Kong totals 4.9 million square feet of gross floor area. In Mainland China, Swire Properties has interests in major commercial mixed-use developments in Beijing, Shanghai and Guangzhou, which will total 8.0 million square feet on completion, of which .6 million square feet has already been completed. In the United States, Swire Properties owns a 75% interest in the Mandarin Oriental Hotel in Miami, Florida. In the United Kingdom, Swire Properties owns four small hotels. Swire Properties’ trading portfolio comprises land and residential apartments under development in Hong Kong and Florida, as well as the remaining units for sale at the Island Lodge and Asia residential developments in Hong Kong and Miami respectively. Particulars of the Group’s key properties are set out on pages 79 to 89. 2009 008 HK$M HK$M Turnover Gross rental income derived from Offices 4,115 3,63 Retail 3,060 ,90 Residential 268 9 Other revenue * 83 74 Property investment 7,526 6,907 Property trading 643 889 Hotels 172 56 Total turnover 8,341 7,95 Operating profit derived from Property investment 5,607 5,012 Valuation gains on investment properties 14,383 84 Property trading 70 98 Hotels (474) (86) Total operating profit 19,586 5,308 Share of post-tax profits from jointly controlled and associated companies 163 83 Attributable profit 15,390 4,93 * Other revenue is mainly estate management fees. -
Open Research Online Oro.Open.Ac.Uk
Open Research Online The Open University’s repository of research publications and other research outputs British ships and West China, 1875-1941: With special reference to the Upper Yangtze. Thesis How to cite: Blue, Archibald Duncan (1978). British ships and West China, 1875-1941: With special reference to the Upper Yangtze. The Open University. For guidance on citations see FAQs. c 1977 The Author https://creativecommons.org/licenses/by-nc-nd/4.0/ Version: Version of Record Link(s) to article on publisher’s website: http://dx.doi.org/doi:10.21954/ou.ro.0000f7cc Copyright and Moral Rights for the articles on this site are retained by the individual authors and/or other copyright owners. For more information on Open Research Online’s data policy on reuse of materials please consult the policies page. oro.open.ac.uk BRITISH SHIPS AND WEST CHINA, l8?3 ~ 19^1 With special reference to the Upper Yangtze A DISSERTATION Submitted for the Degree of Bachelor of Philosophy to the Open University by Archibald Duncan Blue March 1978 (J ProQ uest Number: 27919402 All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is dependent on the quality of the copy submitted. in the unlikely event that the author did not send a complete manuscript and there are missing pages, these will be noted. Also, if material had to be removed, a note will indicate the deletion. uest ProQuest 27919402 Published by ProQuest LLC (2020). Copyright of the Dissertation is held by the Author. Ail Rights Reserved. This work is protected against unauthorized copying under Title 17, United States Code Microform Edition © ProQuest LLC. -
For Immediate Release Hamburg Süd and the China Navigation Company
News Release 1 April 2019 | For immediate release Hamburg Süd and The China Navigation Company (CNCo) have closed the sale of Hamburg Süd’s dry bulk subsidiaries to CNCo Hamburg Süd and CNCo have received regulatory approval and completed the transfer of RAO and the bulk activities in Furness Withy and Aliança Navegação e Logística to CNCo Singapore, Hamburg - Hamburg Süd and The China Navigation Company (CNCo), a subsidiary of the Swire Group, have today completed the sale of Hamburg Süd’s dry bulk shipping business, which includes Rudolf A. Oetker (RAO) and the bulk activities in Furness Withy (London and Melbourne) and Aliança Navegação e Logística, to CNCo after receiving regulatory approval. The sale was announced in January 2019. The RAO Tankers business unit is not included in the agreement and will remain part of the Hamburg Süd Group. The affected dry bulk shipping units with offices in Hamburg, London, Melbourne and Rio de Janeiro have a chartered fleet of approximately 45 vessels in the Handysize, Supramax/Ultramax and Kamsarmax/Panamax segments. CNCo plans to keep the offices and staff. “With this strategic step, Hamburg Süd – as part of the Maersk family – will now be focusing on the container shipping business,” said Dr. Arnt Vespermann, CEO of Hamburg Süd. “Our bulk business has been an integral part of our company and success for more than six decades, and today we would like to thank our colleagues for everything they have done for the company. At the same time, we are pleased to have found China Navigation to be the new, perfectly matching owner of our former dry-bulk operations.” Calling the acquisition a strategic fit for CNCo, James Woodrow, Managing Director of CNCo, said: “We are delighted to receive regulatory approval and to welcome onboard, a very The China Navigation Co.Pte.Ltd 300 Beach Road #27-01 The Concourse Singapore 199555 Tel (65) 6603 9400 Fax (65) 6603 9401 www.swirecnco.com Company registration number: 200917133H 1 talented and highly-experienced team. -
Directors, Senior Management and Key Staff
24 Pacific Basin Shipping Limited Annual Report 2005 DIRECTORS, SENIOR MANAGEMENT AND KEY STAFF Executive Directors Christopher R. Mr. Buttery has over 30 years of experience in the shipping industry. He graduated from University Buttery College, Oxford University in 1971 with a Masters degree in Modern History. He first joined Jardine, Matheson & Company Limited and progressed through various shipping-related corporate assignments age 55, in Hong Kong, Taiwan, and Japan, becoming a Director of Jardine Shipping Limited in 1979 after Chairman completing the London Business School Executive Programme. He founded the original Pacific Basin business in 1987 and was Chairman and Chief Executive when that business was listed on Nasdaq in New York from 1994 to 1996. The business was acquired by a third party in September 1996 and, after one year as an advisor to the acquiror, he left the group and was instrumental in re-establishing the current Pacific Basin in 1998. Mr. Buttery became Deputy Chairman of the Group in 2001 and Chairman in March 2004. He has served as a director of Jardine Fleming Japanese Smaller Companies Limited (listed on The London Stock Exchange) and is also a director of The Ton Poh Emerging Thailand Fund. Richard M. Mr. Hext has lived in Asia for 29 years and has been in shipping for over 27 years. He graduated from Hext Worcester College, Oxford University in 1978 with a Masters degree in Modern History and Economics and has since attended executive programmes at INSEAD, Oxford University and Stanford age 48, University. He served with John Swire & Sons Limited from 1978 to 2000 during which time he held Deputy Chairman senior management positions with a number of Swire subsidiaries and joint ventures including P&O Swire Containers in Australia, Steamships Trading in Papua New Guinea, Swire Pacific Offshore in the United Arab Emirates and in Qatar and The China Navigation Company Limited in Hong Kong where he was Managing Director from 1996. -
Maritime History of Steamship Companies Impact in Modern China, 1840-1911
Maritime History of Steamship Companies Impact in Modern China, 1840-1911 Han Qing Abstract This paper aims to provide evidence of historical documents in Chinese steamship industry and how these materials may provide context to better understand the underwater cultural heritage. What were the economic impacts of steamship industry on China’s littoral landscape? Through a discussion on maritime policies the following examples are noted: a) Assistance Policy – In 1876 Japan ordered a cessation on Chinese steamships from entering Japan to purchase coal. In response the Chinese government enacted the September 1876 Decree for Coal Aggregate Industry in Kai Ping in support of the first national coal mining industry. This caused great changes in the littoral landscape with the building of mining infrastructure. b) Preferential treatment – The 1872 Royal Act declared the development of the first Chinese steamship company. The China Merchants Steam Navigation Company gained monopoly of the inland-waterway systems (Yangtze River – Shanghai to Hankou to Chong Qing). In support of its development the policy entailed the following: i. Raised high-prices on freights with the implementation of a tax to twice their value; ii. Private company taxes were increased but taxes reduced on the steamship company. iii. prohibition on other competitive steamship companies until 1896. These historical records can help to interpret maritime archaeology by providing reasons for ship-type shifts in cargo assemblages. When the government stepped in with these raised freights and taxes then the private companies operating junks were ousted by the national steamship company. This could explain why a shipwreck would encase high-valued merchandise along the canal system. -
FAST FACTS 2021 Swire Is a Highly Diversified Global Business Group, Which Has Been in Turnover US$23,830M Operation for Over 200 Years
GF210715e FAST FACTS 2021 FACTS FAST Swire is a highly diversified global business group, which has been in Turnover US$23,830M operation for over 200 years. Within Asia, Swire’s activities principally come Turnover | 2016-2020 Turnover by Region | 2020 Turnover by Division | 2020 US$M US$M US$M under the group’s publicly quoted arm, Swire Pacific Ltd. Elsewhere in the 35,000 Hong Kong SAR Property 30,000 Chinese Mainland Aviation world, businesses are held by parent company, John Swire & Sons Ltd. 25,000 Other Asia Beverages & 20,000 SW Pacific Food Chain Marine Services 15,000 Americas Trading & Industrial 10,000 Europe Head Office Africa & Middle East 5,000 Marine Global# 0 16 17 18 19 20 Capital Employed US$75,803M Capital Employed | 2016-2020 Capital Employed by Region | 2020 Capital Employed by Division | 2020 US$M US$M US$M 80,000 Hong Kong SAR Property 70,000 Chinese Mainland Aviation 60,000 Other Asia Beverages & 50,000 SW Pacific Food Chain 40,000 Marine Services Americas 30,000 Trading & Industrial ABOUT JOHN SWIRE & SONS LTD Europe 20,000 Head Office & Africa & Middle East 10,000 Swire Investments Marine Global# 0 • Established in 1816 and headquartered in London. 16 17 18 19 20 • Responsible for formulating and directing overall group strategy. Provides a range of services within the group, including recruitment, employment and training of staff. Employees 121,211 Employees | 2016-2020 Employees by Region | 2020 Employees by Division | 2020 • Holds a 58% shareholding in Swire Pacific in the Hong Kong Special Administrative Region (“Hong Kong SAR”). -
Download Brochure
ONE FLAG. MULTIPLE SOLUTIONS. OVERVIEW CREATING For more than 145 years, The China Navigation paddle steamers. Today, we are headquartered in the Company (CNCo) has been helping customers achieve bustling city state of Singapore, where, through our SUSTAINABLE shipping and supply chain efficiencies through our two business divisions, Swire Shipping and Swire Bulk, comprehensive range of sustainable shipping solutions we own and operate more than 150 modern and eco- all over the world. friendly vessels. We offer multi-purpose liner services SHIPPING for the transportation of containerised, breakbulk, We back our products up by our commitment to heavylift and project cargoes in addition to providing delivering superior and reliable customer service. dry bulk and bulk logistics services globally. SOLUTIONS We hold ourselves to high professional standards and conduct, recognising that our customers, partners and With over 2,800 onshore and seafaring staff globally, staff deserve the best. we enable trade in more than 90 countries, ensuring that we will always be able to serve our customers We started on the banks of the Yangtze River in 1872 and meet their needs every time, wherever they where we operated a modest fleet of Mississippi-style may be. AT A GLANCE 30 165 2,838 OFFICES OWNED AND EMPLOYEES OPERATED VESSELS GLOBALLY TRADING IN 94 299 COUNTRIES T Y P E S O F COMMODITIES CARRIED Information as at 30 June 2019. 02 GLOBALTRADE DIVERSITY Our owned fleet is designed and built to create CATERING TO DIVERSITY sustainable and market-leading shipping solutions for IN GLOBAL TRADE our clients. 23 MILLION TONNES OF CARGO CARRIED IN 2018 FLEET CAPACITY OF HQ SINGAPORE AMERICAN SAMOA AUSTRALIA BRAZIL 7.25 CANADA FIJI GERMANY GREATER CHINA INDIA MILLION DWT NEW CALEDONIA NEW ZEALAND PAPUA NEW GUINEA SAMOA UNITED KINGDOM UNITED STATES OUR SOLUTIONS LINER SHIPPING BREAKBULK DRYBULK BULK LOGISTICS (BULK PARCELLING) (SPECIALISED SOLUTIONS) 03 SWIRE SHIPPING SWIRE SHIPPING SWIRE GOING THE EXTRA MILE TO DELIVER Swire Shipping is the liner shipping division of CNCo. -
1 News Release 19 June 2015
News Release 19 June 2015 | For immediate release China Navigation holds triple naming ceremony 1 On 19th June, The China Navigation Company (CNCo) held an official naming ceremony for three of its vessels at Zhejiang Ouhua Shipbuilding, in Zhoushan, China. 2 MV Papuan Chief, the final of the four multipurpose vessels in CNCo’s Chief22 Class series and the fourth vessel to trade under this name, was sponsored by Ms Georgiana Chan, Swire Shipping’s Regional Manager, China. MV Liangchow and MV Lintan, the 11th and 12th bulk carriers in CNCo’s B.Delta39 series were named by Ms Doris Luk and Ms Lucy Xu, from Hong Kong United Dockyards, Hong Kong and Swire Shipping, Shanghai, respectively. 3 Mr Barnaby Swire, Chairman, CNCo, welcomed invited guests, including senior executives from Ouhua Shipbuilding, Lloyd’s Register, Wartsila, and Deltamarin. He expressed his gratitude to all the parties who were involved in the design and construction of the latest vessels in the CNCo fleet. 4 Mr Swire said, “CNCo is midway through a newbuilding programme to upgrade its fleet. In total, 12 multipurpose vessels and 28 handysize bulk carriers were ordered for delivery between 2013 to 2016. The significant investment in modern, fuel-efficient vessels demonstrates our long term commitment to being a leading provider of sustainable shipping solutions and our customers’ partner of choice.” 5 The names chosen for the vessels reflect CNCo’s long history in the Asia Pacific region since its first ships sailed on the Yangtze River in 1872. Papuan Chief, Liangchow and Lintan are CNCo’s 222nd, 223rd and 224th newbuildings respectively. -
Sustainable Development Report 2015 Introduction 3
SUSTAINABLE DEVELOPMENT REPORT for the year 2015 Index Page Introduction 3 Managing Director’s Message 4 Organisational and Operational Boundaries 5 2015 Highlights 6 Safety 8 Our People 11 Our Communities 22 Carbon / Environment 34 Organisational Profile and Governance 40 Abbreviations 45 Data 47 GRI Assurance Statement 56 Global Reporting Initiative (GRI) G4 Content Index 59 Sustainable Development Goals and GRI Indicators Map 69 Contact 71 The China Navigation Company / Sustainable Development Report 2015 Introduction 3 This CNCo Sustainable Development (SD) Report for the calendar year This SD report comprises four main sections: Consumer Issues and Community Involvement 2015 is written in accordance with the latest GRI guidelines: Safety, Our People, Communities and and Development. Carbon/ Environment. CNCo has continued G4 (Standard Disclosures – Core). A Materiality Assessment was its commitment to transparently report its All data presented in this report cover entities undertaken with internal and external stakeholders to determine which performance in the areas covered by the Social and operations within the CNCo group’s Responsibility standard: ISO 26000:2010, viz. Operational and Organisational Boundaries GRI Aspects are material to our business and reported. Governance, Human Rights, Labour Practices, (see page 5) and is our status as at 31 Dec The Environment, Fair Operating Practices, 2015, unless otherwise stated. Material aspects Materiality is based on the responses collected mainly from our internal stakeholders while a more targeted approach to external stakeholder engagement is being developed. The feedback was collected through survey questionnaires where respondents rated the various components that make an organisation “Socially Responsible”. Areas that had a weighting of over 95% are presented below, aligned to the three pillars of sustainability: Environmental, Social and Governance, and are addressed in greater detail throughout this report. -
Piracy on the China Coast A
69 PIRACY ON THE CHINA COAST A. D. BLUE For most of recorded history piracy has been a menace to sea-borne trade, and there have been times when it has been difficult to distinguish between pirates and honest — or should one say legitimate — traders. Nationality has often been the only mark of distinction, as Spanish and English views of Drake, Hawkins, and the like illustrate. The Chinese were pioneers in piracy, as in so many other things, and a history of piracy in China would begin many thousands of years ago. The Chinese were probably skilled practitioners of the art before history began to be recorded. The earliest accounts are in the records of the Chou Dynasty in the fourth century B.C., and piracy continued in China long after it had been suppressed in other parts of the world. When the first Europeans arrived in the China Seas in the sixteenth century, many of the pirates on the coast were Japanese. For three centuries after the defeat of Kublai Khan's invasion on Japan in 1281, Japanese pirates — mainly from Kyushu — were active along the whole coast, from the Liaotung Peninsula in the north to Hainan Island and the Straits of Malacca in the south. The famous Arctic explorer, John Davis, met his death at their hands in 1604. Davis was serving on an East India Company ship which was anchored off the island of Bintang, east of Singapore, when it was attacked by Japanese pirates. This was at the end of the Japanese era, which came about as the result of several different factors. -
For Immediate Release 13Th August 2020 Swire Pacific Reports an Underlying Loss of HK$5,485 Million in the First Half of 2020 Th
For immediate release 13th August 2020 Swire Pacific reports an underlying loss of HK$5,485 million in the first half of 2020 The business environment in the first half of 2020 was extremely challenging. COVID-19 had a material adverse effect on a number of our businesses. The Group recorded an underlying loss of HK$5,485 million in the first half of 2020, compared with an underlying profit of HK$15,846 million in the first half of 2019. The loss was primarily due to the Group’s share of the loss made by Cathay Pacific (which included a significant impairment charge) and to a significant impairment charge at Swire Pacific Offshore. The first interim dividends for 2020 were HK$0.70 per A share and HK$0.14 per B share. Below is a summary of the 2020 interim results: 2020 Interim Results Summary Six months ended 30th June 2020 2019 Change HK$M HK$M % Revenue 39,056 42,870 -9% (Loss) / profit attributable to the Company’s shareholders As reported (7,737) 7,939 -197% Underlying (loss) / profit (5,485) 15,846 -135% Recurring underlying (loss) / profit (123) 4,226 -103% HK$ HK$ Change % (Loss) / earnings per share As reported ‘A’ share (5.15) 5.29 -197% ‘B’ share (1.03) 1.06 Underlying ‘A’ share (3.65) 10.55 -135% ‘B’ share (0.73) 2.11 HK$ HK$ Change % First interim dividends per share ‘A’ share 0.70 1.35 -48% ‘B’ share 0.14 0.27 … / Page 2 / …2 Divisional Highlights: Property Division • The recurring underlying profit in the first half of 2020 (which excludes gains from the sales of interests in investment properties of HK$42 million, compared with HK$11,937 million in the first half of 2019) was HK$3,067 million, compared with HK$3,319 million in the first half of 2019. -
FAST FACTS 2019 Swire Is a Highly Diversified Global Business Group, Which Has Been in Turnover US$32,517M Operation for Over 200 Years
FAST FACTS 2019 Swire is a highly diversified global business group, which has been in Turnover US$32,517M operation for over 200 years. Within Asia, Swire’s activities principally come Turnover | 2014-2018 Turnover by Region | 2018 Turnover by Division | 2018 US$M US$M US$M under the group’s publicly quoted arm, Swire Pacific Ltd. Elsewhere in the 35,000 Hong Kong Property 30,000 Mainland China Aviation world, businesses are held by parent company, John Swire & Sons Ltd. 25,000 Other Asia Beverages & 20,000 SW Pacific Food Chain Marine Services 15,000 Americas Trading & Industrial 10,000 Europe Head Office Africa & Middle East 5,000 Marine Global# 0 14 15 16 17 18 Capital Employed US$71,006M Capital Employed | 2014-2018 Capital Employed by Region | 2018 Capital Employed by Division | 2018 US$M US$M US$M 80,000 Hong Kong Property 70,000 Mainland China Aviation 60,000 Other Asia Beverages & 50,000 Food Chain SW Pacific 40,000 Marine Services Americas 30,000 Trading & Industrial Europe ABOUT JOHN SWIRE & SONS LTD 20,000 Head Office Africa & Middle East 10,000 Marine Global# 0 • Established in 1816 and headquartered in London. 14 15 16 17 18 • Responsible for formulating and directing overall group strategy. Provides a range of services within the group, Employees 133,624 including recruitment, employment and training of staff. Employees | 2014-2018 Employees by Region | 2018 Employees by Division | 2018 • Holds a 55% shareholding in Swire Pacific in Hong Kong. Hong Kong Property 140,000 Mainland China Aviation • Holds controlling stakes in a range of businesses trading 120,000 Other Asia Beverages & in the UK, North America, Australia, Papua New Guinea, 100,000 By SW Pacific Food Chain East and West Africa, and across Southeast Asia.