Incorporation of Company; Registered Capital NTD 2,000,000.
FSC was established on October 8th as an international shipping operator and agency, as part of response to government policy to build up large commercial shipping fleets and expand international trade.
Listing on tock Exchange; First Publicly Listed Shipping Company.
Application to go public was approved on November 4, FSC became the first publicly listed shipping company in Taiwan (Ticker 2601). and total Paid Up Capital increase to NTD 50,000,000.
Initial Entry into the Panamax type vessel business.
Signed contract with China ShipBuilding Company to build a dwt 66,000 mt bulk carrier for business expansion, initial entry into the Panamax business.
Established First Steamship S.A. (Subsidiary).
In March, obtained approval from Investment Commission of the Ministry of Economic Affairs for investing USD 5,000,000 in Panama, establishing 100%-owned subsidiary First Steamship S.A.
First Bulk Shipping Company to obtain ISM Compliance Status FSC Safety Management System was approved by B.V. and C.R. Class Societies and became the first bulk shipping company obtaining “D.O.C.” Certificate in compliance with IMO International Safety Management (ISM) Code.
Obtained Approval from B.V. Class Societies for ISO 9001:2000 In order to maintain international safety marine and improve quality standard, FSC obtained approval from B.V. Class Societies for ISO 9001:2000 Certificate which shows that FSC Fleet Management meet international standard.
Indirectly Invested in Grand Ocean Group China, entering retail industry In April, obtained approval from Investment Commission of the Ministry of Economic Affairs for investing in Grand Ocean Group China. FSC owns 50% of ownership, officially entering into retail industry. GO owns Seven (7) department stores with Four (4) stores under equity ownership and Three (3) stores under management contract.
Grand Ocean Group owns Seven (7) stores under equity ownership Consolidate Three (3) other stores under management contract. Thus, total Seven (7) stores under equity ownership.
FSC’s wholly owned subsidiary – FIRST NEVIGATION S.A. signed the purchasing contracts of a Panamax vessel – Ever Excellent, the fleet was built in 1998 and the dead weight is 73,965 dwt.
FSC’s wholly owned subsidiary – SHINNG STEAMSHIP signed the purchasing contracts of a Panamax vessel – Ever Shinning the fleet was built in 1999 and the dead weight is 74,346 dwt.
FSC’s wholly owned subsidiary – LEADING STEAMSHIP signed the purchasing contracts of a Panamax vessel – Ever Leader, the fleet was built in 1999 and the dead weight is 74,001 dwt.
FSC’s wholly owned subsidiary – FIRST NEVIGATION S.A. signed the purchasing contracts of a Panamax vessel – Ever Excellent, the fleet was built in 1998 and the dead weight is 73,965 dwt.
FSC’s wholly owned subsidiaries signed the purchasing contracts of 2 Handysize vessels - ID Black Sea and ID Corpenhagen, the vessels are separately built in 2009 and 2012, the young vessels are expected to inject new energy to our operated fleet.
FSC’s invested subsidiary - Grand Ocean Group was listed on Taiwan Stock Exchange (TSEC) on 6/6 (Stock Symbol: 5907 TW)