Steamships Trading Company

ConglomerateNo. 5 in Papua New Guinea

Papua New Guinea

Founded

1918

Headquarters

Port Moresby, Papua New Guinea

Ticker

n/a

Sector

Conglomerate

Stock performance

This company has no listed ticker in our data, so there is no price chart.

History

Steamships Trading Company was founded in 1918 in Port Moresby as a shipping and trading business in what was then the Australian-administered Territory of Papua. Over the following century it diversified into property, hotels, and logistics, and Hong Kong's Swire group became its majority shareholder.

Business model

Steamships operates in three main areas: hotels and commercial property, including major hotels and office and residential buildings in Port Moresby and Lae; logistics, including coastal shipping, port services, and road transport; and other commercial investments.

Market position

Steamships is one of Papua New Guinea's oldest and largest diversified companies and is listed on PNG's national stock exchange.

Country impact

Its coastal shipping and logistics services help move goods around a country with very limited road connections, and its hotels and offices are key infrastructure for business and government in the capital.