Steamships Trading Company Limited - Profile Company Report Australia

31-12-2012, 11 pages

Steamships Trading Company Limited is a foreign owned public listed company that has interests in a wide range of industries including hotels, product manufacturing and distribution, IT supply and services, property, shipping and transport. The Company is headquartered in Port Moresby and employs over 2,000 people throughout its operations in Papua New Guinea. Steamships Trading Company Limited is listed on the Australian Stock Exchange under the code, SST.

Steamships Trading Company Limited divides its operation into the following four business divisions:

Commercial - focus on the retail sector of the company involving in the manufacturing and distribution of food products, health and beauty goods and alcoholic beverages. This division is also involved in general IT sales and provides ICT solutions and business services.

Hotels and Property - own and operates the chain of hotels under the Coral Sea Hotels Group and is also involved in property development and leasing business.

Logistics - operates and manages coastal shipping, stevedoring and agency services in all major ports throughout Papua New Guinea. Also, this division provides road transport, custom formalities, air freight, and sea freight services.

Finance and Investment - focus on the administrative function of the company and manages the internal property development projects and investment activities.

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