The Company was established in 1949 at
with head office at 260 R. A. Lines, by the families of Mr. Minocher Dinshaw
and Mr. Godrej Kandawalla. Mr. Eddie Minocher Dinshaw was the Managing Director
from its inception. The company commenced operation by plying their ships
between Karachi / Chittagong / Chalna.
The first vessel Binfiled was purchased but was sold very shortly without registering. Then a coal fired steamship was purchased which was named “Ocean Endeavour I” which after plying for some years was sold subsequently in sixties.
In mid fifties there was shortage of coal and the company arranged to charter several vessels on behalf of the Government of Pakistan to transport coal for
/ Chittagong from China.
After 1971 the company continued to ply their vessels abroad by chartering to foreign companies. At the time of nationalization the company had the following vessels.
Ø Ocean Energy … Built 1953
Ø Ocean Endurance … Built 1966
Ø Ocean Endeavour … Built 1965
The company also owned
, Old Ralli Building Talpur Road, Off I.I.
Chundrigar Road., Karachi which was
also taken over
by the Government after nationalization of shipping in 1974. This building
has covered area of 9,856 square meters.