About al Sham

The Company's Background

 

Following the new atmosphere of economic openness in Syria engendered by Investment Law No. 10 issued in 1991, a group of well known Syrian and Saudi businessmen, together with the Syrian government, decided to participate in a shipping project.
 
Al-Sham's legal formation was completed 3 May 1994 at a market capitalisation of US$20m; it was the first maritime joint venture between the government and private interests, marked a significant step towards the development of the Syrian maritime sector. The founders/shareholders cherish the objective of building up a national company representing a completely new trend in the Syrian maritime industry. They have a strong commitment to high standards, and to improve the profile of Syrian shipping, in particular within the wider context of the Arab maritime world. This was interpreted by achieving the company its first goal by accomplishing the building of two newly constructed MPC vessels each of 6,750 DWT. The first
 "Antaradus" was delivered in January 2003 and the second "Ramitha" delivered on 19 September 2003, and they are with a full Syrian crew.
 
The two vessels built to Lloyd's Register Shipping classification requirements and in accordance to the latest international maritime regulations; Their main features include ice strengthening, full machinery automation, one – man navigation system, and three holds served by two 45 ton cranes.
 
The ships are designed to carry a wide range of cargo including containers (664 TEU in total), bales, grain and steel coils with a facility of carrying 60 refrigerated containers for perishable goods. The ships have MAN B&W 6L42MC engine of 5970KW with a service speed of 16,5 kts.
 
Company's Strategy and objectives:
 
Al-Sham Shipping Company's strategy and objectives are to develop a cost-efficient, reliable and quality-conscious international shipping operation by acquiring a modern fleet.
 
 The intention is to commence the fleet development programme with two additional multi-purpose vessels.
 
The company's future fleet development strategy may also encompass diversification into other adjacent fields.
 
However, by having the two sisters "Antaradus & Ramitha" operating in the international waters Al-Sham Shipping is off to a strong start. The company's Board of Directors is confident that the company will play a leading role in the development of the Syrian Maritime Industry for the benefit of both the Syrian trade as well as the international trade.
 
Offices & Staff
 
Al-Sham Shipping Company is based in modern offices in Damascus, and is well equipped, in terms of telecommunications and information technology. The total staff complement is currently seven, consisting of a General Manager, an Operations Manager, a Financial/Administrative Manager, a Technical Manager, an Executive Secretary, plus two general office support staff.
It is the intention of Al-Sham Shipping Company to keep its corporate staffing at a low level, as the technical management of the vessels is handled by an internationally known and highly respected ship management company based in Cyprus. In addition, the commercial broking arrangements for the vessels is handled through the London market using shipbrokers who are specialists in this sector.