Captain Fitch

Why Our GDP is important to us.

Steamships Trading Company is one of PNG’s biggest multiindustrial  companies to date. 

Our continual growth remains positive, pioneering sustainable  progress in PNG into the 21st century. We lead a diversely, skilled  and agile workforce of over 2500 employees; the energy source of  our business success. 

Our Graduate Development Program aims to attract, develop and  retain our future business leaders with mindsets of innovation and  valour. We value mindsets built with honesty, excellence, respect,  customer focus and sustainability and are in search of team  players looking to build a career with such values. 

We have been in the business for over 100 years, and are still in search for something new- Maybe it's You.

How it Works.

According to Professor D. A. Kolb, 'knowledge results from the  combination of grasping experience and transforming it'. 

Here at Steamships Trading Company, we provide the right  exposure and opportunities to assist your professional development.  In our program, you have four twelve-month rotations in any of  the following industries: Logistics and Transport, Manufacturing. Property and Hotels and Corporate HR, Finance and Affairs. 

During each rotation, graduates are challenged to balance multiple  projects and daily department taskings; with minimum supervision  and time. Each rotation is also complemented with structured  classroom sessions led by experienced trainers for soft skill  development and depending on the systems your project might  involve, we'll also equip you with the right training for that too. 

You get to grasp your experience and build your legacy as you  dream it to be- You choose your own story. 

Help and Support.

You know that nervous feeling when you enter a room full of  strangers for the first time and you've got to work with them - we  know that feeling too. 

Our Graduate Development Program offers lots of support.  We have an online sharing platform set up specifically to connect  you with our GDP alumni and other graduates who are still on the  program. We also have quarterly Meet & Greet events so you can  link in person and meet other established young leaders outside of  the company and grow your professional network. 

Every rotation, you are also presented with opportunities to have  direct one-on-one meetings and coaching from our senior top  level managers including the General Managers, Finance and HR  Managers across the business. 

As long as you are in the Graduate Development Program, you will  be connected to us. If you have any questions throughout the  program, our Corporate HR and Finance Departments will always  be just a phonecall away. 

 

 

Consort operates 20 vessels in PNG providing the most comprehensive coastal shipping service in the country. All vessels are registered and flagged in PNG and manned by Papua New Guineans. Of a total workforce of 890 staff, 420 are crew and the majority of which have been trained at the Madang Maritime college as Consort cadets.

Consort’s Liner service offers weekly and fortnightly calls into 17 ports around the country and has a fleet of over 8,000 containers. Consort has 5 offices in PNG. Consort also operates a modern fleet of landing craft designed for riverine operations in support of mining and other development projects.

In support of its shipping services Consort has stevedoring and transport services as well as bonded yards and freight consolidation capabilities. Performing over 5,000 ship assists a year in Papua New Guinea and the Solomon Islands, Pacific Towing ensures safe and uninterrupted access to the nation’s harbours and terminals for both coastal and international shipping around the clock.

Steamships Community Grants applications for 2020 will be available in early January 2020.

Priority Areas

The company is seeking applications that target the following activities:

  • Health activities that focus on combatting communicable diseases (those that can be spread from person to person such as TB, measles or malaria) and non-communicable diseases (those that cannot be spread such as cancer or diabetes).
  • Education activities with a focus on a) increasing literacy and b) improving the quality of education.
  • Social Wellbeing with a focus on a) women’s empowerment and protection and b) supporting the most marginalized people in PNG especially the disabled and children.

Both financial and in-kind support will be considered. Applications that do not target one of these areas will not be supported.  Requests for financial support should not exceed a total value of K200, 000 per year over two years. Requests for smaller amounts of funding will have a better chance of success.

You must be an organisation that is registered with the IPA or similar authority. You must also demonstrate clear objectives and outcomes, and articulate how you will monitor, measure, and report activity and results.

 

Closing Prices

Closing prices are displayed for the last 5 months on which the security traded on ASX.

Date LAST HIGH LOW
Jul 2015 22.500 25.000 22.500
Jun 2015 25.000 28.000 25.000
May 2015 28.000 29.000 28.000
Apr 2015 29.000 29.010 28.500
Mar 2015 29.000 29.500 28.000

* Volume of shares shown represents only those shares traded on ASX.

more info

Thank you for your enquiry.

Steamships holds a 50 per cent beneficial interest in Colgate-Palmolive (PNG) Ltd (Colgate), a company that markets and distributes oral, personal, home and fabric care products in PNG. Joint control is exercised by the board however day to day management is performed by Colgate-Palmolive Australia.

Operating out of PNG’s major ports, Pacific Towing’s tugs also offer emergency response to vessels in distress and a short sea coastal towage service, including a shallow water capability for river and estuarine voyages. A tradition of professional seamanship and well-maintained equipment, a record of sustained investment in the PNG maritime industry and a proud history in the training and development of PNG seafarers at all levels make Pacific Towing a well-respected organization in PNG.

Its commitment to safety, training and continual improvement ensures that customers can expect professional, reliable & timely services that exceed industry best practice. Pacific Towing’s highly skilled team of commercial divers are experienced in all aspects of undersea work, from class approved in water surveys to welding & cutting and propeller polishing & repairs and its dedicated team of life raft technicians service & sell leading brands of life rafts.

  2012 K'000 2011 K'000 CHANGE
Revenue 1,038,195 934,717 11.1%
Operating Profit 296,509 265,116 11.8%
Profit attributed to shareholders 177,700 158,261 12.3%
Cash generated from operations 266,866 252,509 5.7%
Net cash inflow/(outflow) before financing 28,452 36,267 (21.6%)
Shareholders' funds 677,178 578,549 17.0%
External borrowings 461,253 379,088 21.7%

This space is reserved for content.

2013

Event Date
Release of 2013 2nd Half Yearly Results 28 Feb 2014
Record Date for 2013 Interim Dividend 30 Sep 2013
Payment of 2013 Interim Dividend 30 Sep 2013
Ex-Dividend Date for 2013 Interim Dividend 13 Sep 2013
Release of 2013 Half Yearly Results 30 Aug 2013
Release of 2013 Half Year Results 30 Aug 2013
Ex-Dividend Date for 2012 Final Dividend 14 May 2013
Payment of 2012 Final Dividend 14 May 2013
Annual Meeting 14 May 2013
Record Date for 2012 Final Dividend 30 Apr 2013
Release of 2012 Annual Report 30 Apr 2013
Release of Full Year Results for 2012 28 Mar 2013
Release of 2012 Results 28 Feb 2013

 

Issuer Code

  • SST

Official Listing Date

  • 30 June, 1962

Share Registry

Computershare Investor Services Pty Limited
GPO Box 2975
Melbourne VIC 3001
AUSTRALIA

Telephone
Within Australia: 1300 850 505
Outside Australia: +61 3 9415 4000

Fax
+61 3 9473 2500

Email:  steamships@computershare.com.au
Website: https://www-au.computershare.com/investor

Change of Shareholder Details

Shareholders should notify Computershare of any changes in shareholder details via the Computershare website or in writing (email, fax, mail). Examples of such changes include:

  • Registered name
  • Registered address
  • Direct credit payment details

Stock Exchange

Shares are listed on both the Port Moresby Stock Exchange Limited and the Australian Securities Exchange Limited.

NEED TO DELETE THIS PAGE.

Security is a fundamental concern for all businesses operating in PNG. Robberies and assaults are increasingly common in PNG’s commercial centres, particularly Port Moresby and Lae. Steamships reviewed its security policies and procedures in 2012 in an effort to minimise security risks within its current operating environments. Regular security briefs and site audits were carried out to ensure worksite security policies were being implemented. Action plans were further refined to provide all staff with security guidance and assistance in managing situations that occur within and outside the workplace. The Group has  implemented an EAP (Employee Assistance Program) to assist employees affected by increased levels of public violence, carjackings and hold-ups.

Steamships intends to conduct external security audits of all company premises in 2013. This will ensure all Divisions remain vigilant and proactive regarding the security of the Group’s people and assets.

Steamships’ makes strong efforts to improve employee knowledge and awareness of key health issues.  Staff actively participate in awareness programs for first aid, drug and alcohol abuse, oral health, HIV, AIDS, Malaria and Tuberculosis.

Steamships works hard to ensure that safety is a management priority at all levels of the organisation. The Group prioritises a “Wok Seif” culture and has introduced a “Zero Harm” mandate aimed at ensuring it operates as an incident-free organisation.

The Group has formal management-worker health and safety committees in all Divisions. These committees provide advice on occupational health and safety issues and help monitor key initiatives. They also ensure equitable input from all levels of staff.

Steamships’ increased safety focus has played a significant role in improving overall safety statistics and Group-wide awareness of near misses.

Steamships supports the following cultural initiatives in PNG:

Literary development: Steamships sponsored PNG’s prestigious literary award, the Crocodile Prize, allocating K10,000 for the 2012 Short Story Prize. The Crocodile Prize encourages and publishes Papua New Guinean writers, providing the opportunity for the people of PNG to read their national literature.

Publication support: In 2012 Steamships assisted the All Nation Women’s Group, which launched its book ‘Artists, Cooks & Storytellers: Moments in Papua New Guinea.’ Funds from the sale of the book were used to create an educational bursary to help pay school fees for students attending the Hohola Youth Development Centre, located in a community close to the East West container depot.

Steamships supports the following sports initiatives in PNG:

PNG Paralympics: Steamships continues to assist the PNG Paralympics Committee in their training of PNG athletes. Steamships is committed to giving disabled people the opportunity to achieve their dreams and aspirations.

Kone Kanu Klub: The Kone Kanu Klub is a rowing club based in Port Moresby that regularly represents the country in international competitions. Steamships, through its Shipping division, is a gold sponsor of the club.

Trukai Fun Run & PM’s Golf Challenge: Steamships took part in the annual Trukai Fun Run in 2012 by sponsoring a number of primary and secondary schools in Port Moresby. It also supported the annual PM’s Golf Challenge. These events raise funds for the PNG Sports Federation to assist with its programs. Steamships staff also participate in the events through their respective Divisions.

Steamships supports the following education initiatives in PNG:

Buk Bilong Pikinini (BBP):  Steamships signed a five-year agreement during 2012 with BBP, an independent not-for-profit organisation that aims to establish children's libraries and encourage reading and learning. In addition to financial support to the Lawes Road (Port Moresby), Lae and Goroka libraries, Steamships is providing rent-free space at its Bird of Paradise Hotel for BBP’s Goroka library.

British Chevening Scholarships: Steamships & Swire continue to co-sponsor two Chevening scholars from PNG with the British High Commission. The program makes awards to outstanding scholars with leadership potential from around the world to study postgraduate courses at universities in the UK. In 2012 two scholarships were completed and for 2013 the recipient was Coral Sea Hotel’s Group Sales Manager, Misika Rea. In early 2013, Misika travelled to the United Kingdom to commence her studies.

PNG Maritime College: Steamships continued to provide support for the PNG Maritime College, which is the only institution in the country that provides comprehensive training for seagoing personnel. Further, Steamships has partnered with the China Navigation Company to establish a Madang Centre of Excellence to provide training which will ensure a culture of safety prevails at sea and onshore.

Steamships supports the following health and social welfare initiatives in PNG:

YWAM Medical Ship: Steamships entered into a four (4) year agreement with YWAM Medical Ship in 2012 to supports its effort to deliver health care services to the coastal & rural parts of the Gulf and Western Province. YWAM provides ophthalmology, dental and general health care service including awareness during their outreaches. In addition to the K400,000 sponsorship, the Steamships Trading Company wharf in Port Moresby is available for the YWAM Medical Ship to berth in between its outreaches.

Business Coalition Against HIV and AIDS (BAHA): Steamships is a gold sponsor of BAHA and supported the organisation in 2012 in its efforts to provide training and HIV/AIDS awareness programs in the private and public sectors. In 2011, Steamships committed a total of K150,000 to BAHA over a 3-year period.

Operation Open Heart (OOH): Steamships’ OOH is an annual event, currently in its 16th year. It involves the flying in of doctors from Australia to carry out open heart surgery on patients that do not have access to treatment in PNG. Steamships’ staff have benefited in the past from the surgical procedures and continue to have access to the operations, while PNG cardiac surgeons and doctors have learned and gained valuable experience.

Susu Mamas Inc: Steamships continues to support Susu Mamas’s vision to reduce maternal and infant morbidity and mortality in PNG by part funding the operation of their clinics. In 2012, Steamships supported Susu Mama’s program to provide workshops on nutrition, breastfeeding and antenatal education in clinics around the country.

Cheshire Disability Services (CDS): CDS is the only organisation in PNG that takes care of, and trains, people living with disabilities. They currently house a total of 21 disabled people and provide training and education to others living in communities around Port Moresby. In 2012 Steamships funded the annual wages of two CDS staff.

Salvation Army ‘Red Shield Appeal’: Steamships continued its partnership with the Salvation Army, through which it annually hosts the Red Shield Golf Day tournament and provides K100,000 to launch the Red Shield Appeal.

Rotary against Malaria (RAM): RAM continues to fight to contain and prevent malaria in PNG. The organisation distributes mosquito nets to villages around the country. Steamships’ support for RAM ensures that people in the rural areas in which the Group operates have access to treated mosquito nets.

Halfway House & Tembari Children Care Inc: The Halfway House gives women and children who are victims of violence and abuse a place to take shelter. Steamships supports the Halfway House by assisting in the purchase of food for the women and children that live there.  Tembari Children Care Inc is a day care facility at the ATS Oro Settlement in Seven Mile, just outside Port Moresby.

Steamships’ “Make a Child Smile” project: This project involves Steamships’ employees visiting hospitals and other institutions over the Christmas season. Staff collected toys throughout the year and delivered them to the institution of their choice as gifts during Christmas.

Media or Investor enquiries should be directed to Steamships Company Secretary,
Mr Sean Pelling.

Phone: (+675) 322 0222/328 or mobile: (+675) 765 35421
Email: SPelling@steamships.com.pg


 

Steamships Trading Company Limited

Level 5, Harbourside West,
Stanley Esplanade
PO Box 1, Port Moresby,
NCD 121,
Papua New Guinea

Tel: (675) +675 3137400 / 79987000

Transport & Port Services Division

Stanley Esplanade
P.O. Box 634
Port Moresby
National Capital District
Papua New Guinea

Tel: (675) 3220400
Fax: (675) 3212815

Pacific Palms Property

Scratchley Road
P.O. Box 2142
Boroko
National Capital District
Papua New Guinea

Tel: (675) 3212822
Fax: (675) 3212370

www.pacificpalmsproperty.com.pg

PO BOX 91
Lae
Morobe
Papua New Guinea

Tel (675) 475 1344/1345
Fax (675) 321 1332

Coral Sea Hotels

Jackson’s Parade
P.O. Box 1215
Boroko
National Capital District
Papua New Guinea

Tel: (675) 3278141
Fax: (675) 3253248

www.coralseahotels.com.pg

 

WHISTLEBLOWING CHANNELS

Individuals may report their concern through various channels:

  • Via email at stcia@steamships.com.pg
  • A text message can be sent to the dedicated Mobile Number 71004481
  • Postal Address at Steamships Trading Company Limited, c/o Group Internal Auditor, P.O. 1, Port Moresby.

Are you aware of any unethical conduct, fraud, perceived wrongdoings, or violation of the Steamships Code of Conduct? If so, then our Whistleblower policy, allows you to report any such incident, in the knowledge that it will be done so confidentially and that your identity will be protected at all times! It’s simple. Send a text to 71004481 or an e-mail to: stcia@steamships.com.pg and the matter will be appropriately dressed. You can mail it to; Steamships Trading Company Limited, c/o Group Internal Auditor, P.O. 1, Port Moresby.

 

Please contact us if you have any queries.

The material contained in this website has been prepared by Steamships Trading Company Limited, on the basis of the most current information available to it. The company believes, to the best of its knowledge, that all information given is reliable, but makes no guarantee of its accuracy.

Steamships Trading Company Limited and the companies and individuals represented in this website are not responsible for any errors or omissions contained in this website, and reserve the right to make changes without notice. The said parties take no responsibility in respect of any use or reference to this website or the information contained in it, and are not liable in any event for any damages whatsoever arising out of or related to this website or the information it contains.

Users of this website should not take any of the information in this website as being advice or recommendation, and should not rely on the information in this website for any purposes.

No user of this website may distribute, modify, transmit, or use the contents of this website in any manner for public or commercial purposes without written permission from Steamships Trading Company Limited. All materials and information in this website may be down-loaded for non-commercial or personal use only. Under no circumstances should the use of this website be construed as granting a licence or right to use any of the intellectual property rights displayed in this website, without the written permission of Steamships Trading Company Limited.

Steamships Trading Company and its subsidiary companies will conduct our activities in a manner that protects the environment, health, security and safety of our employees, contractors, and customers. We wish to excel as corporate citizens.

To do this, Steamships will meet or exceed all legal requirements and;

  • Operate in a manner which safeguards the health and safety of all our stakeholders. Zero harm is our goal.
  • Provide and maintain safe places of work and equipment;
  • Continually review work places, equipment and procedures to further improve safety;
  • Provide occupational health and safety training for employees.
  • Play an active role as a responsible corporate citizen, being involved in community engagement programs and encouraging staff to participate.
  • Be a good steward of the natural resources under our influence and ensure that all potential adverse impacts of our operations on the environment are identified and appropriately managed.
  • Favour suppliers and contractors who promote sustainable development.
  • Strive to be an employer of choice by providing an environment in which all employees are treated fairly and encouraged to realise their full potential.

Making it happen:

  • The promotion and maintenance of HSSE is the responsibility of all staff.
  • All companies in which Steamships Trading Company Limited has a controlling interest will have action plans for applying this policy in a way which is relevant to their business.
  • We will encourage other companies in which we have an interest as a shareholder or through our supply chain to implement similar policies.
  • We will monitor our performance and report regularly.

Our strategy is aligned to the United Nations Sustainable Development Goals. At Steamships, sustainability is central to everything we do. We believe that our environmental and social performance is as important as our financial performance, as is our duty of care to our staff. By maintaining a clear focus on the three pillars of Our People, Our Environment and Our Community, Steamships remains a major contributor to the economic development of PNG and a committed steward of the unique environment and culture of our nation.

Our People

Our people remain our most important asset. We strive to ensure that work at a Steamships business is a rewarding and enjoyable experience.

  • Steamships is an equal opportunity employer and treats all employees with dignity and respect.
  • We provide a safe and secure work environment and promote healthier lifestyles.
  • We provide development opportunities and rewarding careers.

Our Environment

Responsible and sustainable energy consumption is an area of increased focus at Steamships. There is regular monitoring and reporting of energy use, water use, waste and environmental emissions at operational level with the intention of improving performance wherever possible.

Our Community

Steamships Trading Company has a considerable footprint in PNG and it is considered essential to have a positive impact on the various communities in which it operates.

The Steamships Sustainable Development Policy commits the Group to playing an active role as a responsible corporate citizen.


Our Sustainable Development Policy is aligned with the various United Nations Sustainable Development Goals.

For more information on the Sustainable Development Goals please visit the following website: https://www.un.org/sustainabledevelopment/sustainable-development-goals/

Steamships Trading Company & The Global Reporting Iniative

Steamships utilises the Global Reporting Initiative’s G4 Guidelines as a framework for its sustainability monitoring and reporting. The company bases its reporting on a C level of application of the GRI indicators.

Steamships is committed to providing an accurate and relevant set of data from across the Group and improving this as its systems mature over time. This is done in accordance with the Global Reporting Initiative’s G4 Guidelines. The primary sustainability data disclosed in this report was collected by all Steamships Divisions and reported to the Steamships Board on a quarterly basis throughout 2018. Year-on-year comparisons are made with baseline data collected in 2015. 

The table on the following page outlines the full list of GRI Indicators adopted by Steamships.

- Sustainability Report 2018 (Download PDF) 

 

GRI Guidelines adopted by Steamships Trading Company

AREA OF INTEREST ASPECT GRI INDICATOR
Economic Performance Economic performance EC1 Direct economic value generated and distributed, including revenues, operating costs, employee compensation, retained earnings, and payments to capital providers and governments.
Market Presence EC7 Procedures for local hiring and proportion of senior management hired from the local community at locations of significant operation.
Labour Practices, Staff Development and Welfare Performance Employment LA1 Total workforce by employment type, employment contract, and region, broken down by gender.
LA2 Total number and rate of new employee hires and employee turnover by age group, gender, and region.
Occupational Health and Safety LA6 Percentage of total workforce represented in formal joint management–worker health and safety committees that help monitor and advise on occupational health and safety programs.
LA7 Rates of injury, occupational diseases, lost days, and absenteeism, and total number of work-related fatalities, by region and by gender.
Training and Education LA10 Average hours of training per year per employee by gender, and by employee category.
Environmental Performance Energy EN3 Direct energy consumption by primary energy source.
EN4 Indirect energy consumption by primary source.
Water EN8 Total water withdrawal by source.
Emissions, Effluent, and Waste EN16 Total direct and indirect greenhouse gas emissions by weight.
Community Engagement Local community support Part of EC1 Funds committed to Community Health and Social Welfare, Education, Sports and Culture development.

 

Community is the third and final pillar of Steamships’ Sustainability Strategy. Community structures are very important in Papua New Guinea which, with a population of seven million, is home to some 700 distinct and diverse tribes and over 830 known languages. Tribal traditions and community culture remain strong in spite of the various social challenges associated with a fast-growing economy and modernising nation.

Approach to Community Development

Steamships approach to community development is based on adding value to the communities in which the Group operates, over and above the economic benefits derived from employment, taxes and levies and associated businesses. The Steamships community investment program targets four key areas: health and social welfare, education, sports and culture. Funding to these areas and  environmental initiatives  was over K1.6 million in 2012. Steamships’ community strategy is to ensure effectiveness by focusing financial support on a select group of larger, high impact activities. 

Steamships’ Divisions support various initiatives at the local level in which they operate, over and above those supported by the Group. For example, Pacific Palms Property has pursued initiatives with community groups in Badili such as the upgrading of local sports fields.

Summary of Community Investments in 2012

Area 2012 Spending (Kina) 2013 Budget (Kina)
Health & Social Welfare 908,000 1,223,000
Education & Environment       542,000 449,000
Sports & Culture 158,000 355,000
TOTAL 1,608,000 2,027,000

Organisations that we support

A strong focus on people is one of the three pillars of Steamships’ Sustainability Strategy. Steamships’ “People” strategy aims to create an environment that promotes an engaged workforce, encourages the development of both hard and soft skills and facilitates an emerging generation of leaders. The provision of clear performance objectives and regular feedback are crucial components in the process.

Steamships’ goal is to nurture an enjoyable, rewarding and long-term career for its employees. The Group understands that by building a culture of trust, respect, fairness, safety and inclusivity it can foster an environment that helps people succeed. To ensure this, it has prioritised education, occupational safety, and health as Key Performance Indicators.

Steamships’ ”People and Culture” web portal provides the organisation with a robust administrative platform for its human resources. It was expanded in 2012 to significantly improve the Group’s transparency by enhancing monitoring and reporting capabilities in the areas of Health, Safety, Security and the Environment. An expansion of this program over the coming years will improve human resource capabilities, to the benefit of the Group and its people.

Environmental sustainability is the second pillar of Steamships’ Sustainability Strategy. It is a corporate priority and a Key Performance Indicator for the Group.

Papua New Guinea has a remarkably diverse environment, ranging from mountain ranges rising to 4,400 metres above sea level to hot, humid lowland rainforests and swamps. It is also home to unique marine areas including diverse coral reefs, mangrove forests and coastal wetlands. A vast number of plant, mammal, reptile, fish and bird species highlight the incredible biodiversity of the country.

Steamships is very aware of the potential impacts its business operations can have on this unique environment and is committed to minimising its footprint at every stage of each operational process across the Group.

Approach to Environmental Sustainability

Coordinated by the Group HSSE Manager, Environmental Aspects & Impacts (EAI’s) registries are being developed and implemented in each Division. EAI’s identify, monitor and update Divisions on the specific environmental impacts of business operations and support the development of plans to minimise or eliminate these. Progress on EAIs is monitored across the year through an inspection and audit process.

Steamships firmly believes that environmental education is one of the most effective ways to ensure the principles of environmental sustainability are understood and adopted within the Group and the community. Steamships was an active participant in various community environmental programs in 2012, often working in collaboration with the PNG Government, local community groups and other private companies.

The Group is a major supporter of PNG’s World Environment Day celebrations, because of their focus on educating children about conservation and the PNG environment.  Steamships supports the school component of the celebrations by sponsoring the prizes and awards for the competition “Best Environmentally Friendly School” at five schools in the National Capital District, as well as the “School Innovation Project.”

Progress continues at the Swire Papua New Guinea Rainforest Study (SPRS), with plans to develop five new forest plots finalised in 2012. The project continues to be well supported by local communities and by the end of 2012 had provided access to formal education for over 200 children in the research area.

Steamships announced the inaugural recipient of the Swire Conservation Scholarship in Forest Science and Conservation during 2012. This Scholarship, funded by the Swire Educational Trust, aims to support individuals of exceptional promise in developing leadership roles in forest science and management in PNG. It provides the opportunity for a student from PNG to achieve a Master of Science by research at an international university of their choice.

 “Sustainability to the Steamships Group represents a meaningful investment in our people’s future, a fundamental commitment to the highest standards of health and safety at work, practical efforts to improve the lives of the communities in which we operate and genuine measures to ensure we minimise any negative environmental impacts from our diverse activities. Only by focusing on these areas will Steamships be able to ensure that our long term growth, along with the economic and social development of Papua New Guinea, is truly sustainable.” 

APPROACH TO SUSTAINABILITY

Improving sustainability is a process and requires systematic strategy. It starts with robust monitoring, and culminates in action. In 2011 Steamships launched a comprehensive sustainability strategy, which focused the Group's commitment to sustainable development and established mechanisms to improve the management of its operational impacts.

A Sustainability Action Group was created to oversee initiatives focused in three broad areas, Our People, Our Environment and Our Community. Key benchmarks were developed in line with one of the leading global standards for sustainability reporting – the Global Reporting Initiative (GRI). Steamships’ staff were initiated in data collection against these benchmarks and the Group was able to report on initial progress in establishing the new framework in the 2011 Annual Report.

Credible sustainability planning requires engagement with stakeholders – staff, local communities, government bodies, investors and Non-Government Organisations (NGOs) - to understand properly their needs and problems. Steamships’ Sustainability Group is the principal interface between Steamships and its PNG stakeholders.  By collecting data and monitoring progress against sustainability benchmarks, Steamships aims to improve operations and increase transparency over the coming years. The Group believes these early steps will also lead to the production of a stand-alone Sustainability Report in the future.

Building on the legacy of 100 years of business leadership in PNG, Steamships aims to pioneer sustainable progress in PNG for the next generation of stakeholders. The Group remains steadfast in its commitment to supporting the people it employs, bettering the communities in which it operates and reducing the impacts it has on PNG’s unique environment. It does so because it understands that its long-term business goals can only be achieved if its business operations are imbued with the principles of sustainable development.

 

Media or Investor inquiries should be directed to Steamships Company Secretary, Sean Pelling.

Phone: (+675) 322 0222/328 or

Email: SPelling@steamships.com.pg

Coming Soon.

content here

content here

Q: How do I know if any of Steamships businesses is looking for staff?

a Answer: Jobs are usually advertised locally.

Q: What positions are generally available?

Answer: We advertise for full time positions as well as for graduate trainees through our Graduate Training Program. See "Graduate Program" page for more information.

Q: How do I apply to work at Steamships or any of its businesses?

Answer: Each of Steamships' businesses handles its own recruitment. See “Join us” page for contact details.

Q: Can I ask about a job even if one is not advertised?

Answer: Yes – we welcome approaches from people who think they have something to offer. Contact the part of the company that interests you with details of your skills and experience. See “Join us” page for contact details.

Q: Where will I be working if I join the company?

Answer: Most positions are based in Port Moresby and Lae. However, we do have operations in Goroka, Mt Hagen, Madang, Popondetta, Kimbe, Rabaul, Kavieng and Buka.

This page is under development.

--

Click here to be redirected to the Steamships Graduate Development Program Page

content here

Robert need to remove this page and link "Shareholder Information" tab directly to "Dividend History" page

content here

content here

COLGATE PALMOLIVE (PNG)

Steamships holds a 50 per cent beneficial interest in Colgate-Palmolive (PNG) Ltd (Colgate), a company that markets and distributes oral, personal, home and fabric care products in PNG. Joint control is exercised by the board however day to day management is performed by Colgate-Palmolive Australia.

The largest hotel chain in Papua New Guinea, Coral Seas Hotels (CSH) operates seven hotel and apartment complexes in major business and cultural centres throughout Papua New Guinea. Providing comfortable accommodation in a secure environment and offering extensive dining, meeting and conference opportunities, CSH is the perfect choice for the business or leisure traveler. It’s award winning hotels include the luxurious Grand Papua and the popular Gateway Hotel in Port Moresby as well as the Highlander Hotel in Mount Hagen and the iconic Bird of Paradise in Goroka.

The latest Hotel addition is Cassawory Hotel in Kiunga.

www.coralseahotels.com.pg

Papua New Guinea’s most innovative property developer, Pacific Palms Property (PPP), has delivered some of PNG’s most progressive commercial developments, including the iconic Harbourside Development in Port Moresby.

Owning commercial, industrial and residential properties across PNG, PPP performs developments on its own behalf, for Coral Sea Hotels and as a partner in several joint ventures. PPP’s vision to undertake quality developments delivering a high level of tenant support, is supported by its experienced development and letting teams, which manage its portfolio of properties.

East West Transport

East West Transport is one of Papua New Guinea’s largest multifaceted transport and logistics companies. Based in Port Moresby with significant presences in Lae, Wewak, Madang, Rabaul, Kimbe, Kavieng and Alotau, East West Transport operates across a wide spectrum of transport related activities, including the cartage of bulk fuel, containerized freight, LCL & break bulk cargo and offers depot services such as equipment hire, third party logistics, warehousing and bonded & unbonded yard storage. East West Transport is an experienced Dangerous Goods logistics provider, providing explosives and fuel logistics to customers like Pioneer DG, Puma, Exxon Mobil and Islands Petroleum.


EWT also offers a licensed customs cargo clearance service in Port Moresby and Lae. Working closely with Customs and NAQIA. This unique offering facilitates FAK & General FCL Containers / Bulk Shipments to be removed quickly from the wharf to its bonded sites adding significant cost savings for its clients.
Employing over 300 staff across Papua New Guinea, with commitments to training and developing staff to progress within the business, East West Transport strives to provide appropriate skills and knowledge to best serve customers requirements.
East West Transport is an ISO accredited transport provider with ISO 14001 & ISO 18001, accredited in March of 2017

Port Services

Through Joint Ventures with more than ten local landowner groups, the JV Port Services (JVPS) businesses offer a full range of stevedoring and handling facilities in the ports of Port Moresby, Lae, Alotau, Oro, Madang, Kimbe, Kavieng and Kiunga. Each joint venture employs a local workforce and is a joint venture equity arrangement with local community partners.


With a fleet of specialist equipment the businesses handle all types of containers, as well as project cargo, breakbulk, RO-RO, LO-LO and grains. Local trucking businesses are also operated at several locations.
The JVPS businesses have increased vessel productivity by up to 100% in the past 5 years, which matches industry best standards for our method of operation and cargo mix. Safety standards are benchmarked against industry best practices and in accordance with AS/NZS standards. JVPS has achieved ISO accreditation for Safety and Environmental standards and will add Quality in 2019.


As part of our commitment to safe and efficient work practices JVPS has our own Registered Training Organisation (RTO) that we train our own staff under, enabling staff access to nationally recognised training.
JVPS take our position in the PNG corporate landscape seriously and as part of the Steamships group always strive to ensure the advancement of PNG and its people.

Reserved for content

Steamships has identified its material business risks and actively manages those risks. All material business risks that arise in the course of the Group’s activities have clearly defined management ownership and accountability for reporting to the Board.

The Board is responsible for reviewing the Group’s policies on risk oversight and management. In doing so, the Board satisfies itself that management has developed and implemented a sound system of risk management and internal control.

The Group is committed to the management of risks throughout its operations to protect its employees, the environment, Group assets, earnings and reputation. Certain risks occur in the normal course of the Group's business and include foreign exchange and interest rate risks.

The Group Risk Management program utilises a risk management tool and database to assist in monitoring and enforcement of compliance with the Group’s risk management procedures and policies. The Group also uses other risk management techniques, including insurance, to reduce the financial impact of any uncontrollable or catastrophic losses.

Steamships’ management reports regularly to the Board on the effectiveness of its risk management systems and performance in managing material business risks. Steamships is incorporated in Papua New Guinea and is not generally subject to the Australian Corporations Act, hence the Board does not require the Managing Director and the Finance Director to provide a declaration that is consistent with section 295A of the Australian Corporations Act 2001.

Steamships currently has as part of the decision making process, the following board committees:

Audit Committee

While the Board maintains overall responsibility for the systems of internal control and monitors their effectiveness, it is assisted in discharging its responsibilities by the Audit Committee, which is composed of an independent non-executive chairman and two non-executive directors who are representatives of major shareholders.

Formal terms of reference for the Audit Committee were in place during 2012. A formal charter will be developed and adopted in early 2013. The Audit Committee recommends the appointment and remuneration of the external auditors, reviews the Group's financial statements and the adequacy and effectiveness of existing internal and external audit arrangements. It also considers management of the Group's risk. The findings and recommendations of the Committee are reported to the Board. The Committee meets twice a year, at which time it receives and discusses reports from senior management and from external auditors. The members of the Audit Committee, their qualifications and their attendance at meetings of the Committee held during 2012 are shown in the Steamships Annual Report.

Remuneration Committee

Steamships’ Board has established a remuneration committee comprising the Steamships Chairman, the Managing Director and a Non-Executive Director. Steamships acknowledges the ASX recommendations that suggest this committee be chaired by an independent director, however the Board considers this committee structure appropriate given Steamships’ shareholder structure.

The Remuneration Committee meets annually to determine the compensation of the Managing Director and the senior executive staff. Attendance at committee meetings is noted in the Steamships Annual Report. The Committee also reviews the Group’s staff development plans and is responsible for the succession planning of all senior manager positions. The recommendations of this Committee are minuted.

Strategic Planning Committee

The Board has formed a Strategic Planning Committee that meets annually and provides a detailed review of the annual budget and the three-year planning process in discussion with the divisional general managers. This review in no way diminishes the responsibility of the full Board to review and approve the Group’s strategy at a more macro level.

The selected strategy is implemented by means of programs, budgets and procedures. Implementation involves the organisation of the Group’s resources and motivation of the staff to achieve objectives.

Corporate Governance Statement 31st December 2018.

The following corporate governance report has been approved by the Board of Directors.

Steamships has formalised the below governance structure:

STEAMSHIPS CORPORATE GOVERNANCE STRUCTURE

Director’s attendance at the Board and relevant Board Committee meetings during 2018 is outlined below:


Steamships believes it complied with the Australian Stock Exchange Corporate Governance Principles (the third edition) during the twelve months ended 31 December 2018.

Each section addressing a key principle includes references to relevant information that appears elsewhere in the 2018 Annual Report or on Steamships’ website.

Performance evaluations for all senior Executives were carried out during 2018 in accordance with this process.

During 2018 the Chairman of the board conducted a performance evaluation of the board, its committees and the Directors.



The Board has a Remuneration and Nomination Committee comprising three Directors. The members of the Remuneration and Nomination Committee and their attendance at meetings of the Committee during 2018 are detailed above and in the Directors’ Report.

In reviewing the performance of Board Committees, the Chairman conducts meetings with the Chairperson of each Board Committee addressing key performance criteria and compliance with Committee charters and terms of reference. Both review processes were completed in 2018.

Steamships follows the Global Reporting Initiative, a worldwide corporate sustainability transparency initiative, and since 2017 adopted the new G4 guidelines.

While the Board maintains overall responsibility for the systems of internal control and monitors their effectiveness, it is assisted in discharging its responsibilities by the Audit Committee, which in 2018 was composed of an Independent Non-Executive Chairman and two Independent Non-Executive Directors and one Non-Executive Director who represents a significant shareholder.

The members of the Audit Committee, their qualifications and their attendance at meetings of the Committee held during 2018 are shown above and in the Directors’ Report.

\The board has received from its Managing Director and Finance Director a declaration that, in their opinion, the financial records of the entity for 2018 have been properly maintained and that the financial statements comply with the appropriate accounting standards and give a true and fair view of the financial position and performance of the entity and that the opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

During 2018, management reported to the Board on the effectiveness of its risk management systems and performance in managing material business risks. Steamships’ Strategic Planning Committee formally reviews Divisional risk registers as part of its annual strategic review.

The members of the Audit Committee, their qualifications and attendance at meetings of the Committee during 2018 are detailed above and in the Directors report.

reserved for content

Reserved for content

This space is reserved for content

Reserved for content

This area is reserved for content. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur.

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet ut et voluptates repudiandae sint et molestiae non recusandae. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur.

This area is reserved for content. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur.

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet ut et voluptates repudiandae sint et molestiae non recusandae. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur.

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet ut et voluptates repudiandae sint et molestiae non recusandae. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Steamships Trading Company or Steamships, as it is more commonly known, is a diversified leader in shipping, transport, property, manufacturing and hotels in Papua New Guinea.

Commencing operations in 1919, Steamships has been investing in PNG’s growth, development and progress ever since, steadily evolving its business to meet current needs and anticipate the future. The group has been integral to, and part of, PNG’s development into a modern and formative leader within the Asia-Pacific region.

Committed to our people, the sustainability of our operations, and the future of Papua New Guinea, Steamships is pioneering sustainable progress in PNG for the next generation of stakeholders.

Corporate Profile

  • Headquartered in Port Moresby, Steamships has three major operating categories: Logistics, Property & Hotels, and Commercial, and various joint venture operations
  • Logistics: Consort Express Lines (coastal shipping & services) and East West Transport (land freight and logistics)
  • Property & Hotels: Pacific Palms Property (developer and manager of residential, commercial, retail, industrial properties) and Coral Sea Hotels (seven hotels and apartment complexes in PNG's major commercial centres)
  • Public company, listed on Port Moresby Stock Exchange and Australian Securities Exchange
  • Majority shareholder is John Swire & Sons (PNG) Limited (72%)
  • 2500 employees across PNG
  • Major supporter of PNG community initiatives in education, health, environment and social welfare
  • A PNG leader in sustainable business practices, measured against the world’s leading sustainability benchmark, the Global Reporting Initiative.

The Steamships story began in the early years of the 20th century in what was then one of the least known parts of the world. Retired sea captain, Algernon Sydney Fitch, founded the business to run salvage operations in Australia.  In 1919 he sailed the company’s first ship, the SS Queenscliffe, to Port Moresby to trade along the Papuan coast. In 1924 the public company was formed and the Steamships story had well and truly begun. 

At each stage of the economic development of the largest nation and economy in the South Pacific, Steamships has fostered businesses and industries that have helped build PNG. The Group has boosted local economies through businesses initially established in Port Moresby, the gulf and western reaches of the former territory of Papua and later in New Guinea and the Highlands. Steamships' coastal shipping and stevedoring services supported the PNG economy as it started to develop and explore its rich and diverse endowment of natural resources, including plantation crops and mining. In response to new opportunities, Steamships diversified into hotels, manufacturing, distribution and other services.

Steamships Trading Company has a long tradition of investing in Papua New Guinea’s growth, development and progress. Its transition from pioneer coastal trader to a diversified leader in shipping, transport, property, manufacturing, hotels and information technology has been integral to, and part of, Papua New Guinea’s development. More recently that development has accelerated so that Steamships is triple the size it was ten years ago and PNG has become a modern and formative leader within the Asia Pacific region.

STEAMSHIPS TRADING COMPANY LTD: An Official History

During its 90 years of existence, Steamships Trading Company has become a Papua New Guinean icon. From its humble beginnings in 1918 as a one-vessel trading operation to its present position as one of the largest private employers in the country, Steamships' history has tracked that of Papua New Guinea itself, and that of its peoples.

In this book the Company's history has for the first time been researched and recorded. The author, James Sinclair, was himself a long-time resident of PNG. He has done meticulous research and conducted many interviews. Perhaps uniquely in a history of this magnitude, he has been able to speak with all but three of the Managing Directors who have steered the course of the Company from its beginnings, and has also drawn on the memories and records of many other people, for whom Steamships was an integral part of their lives. All this makes this history a very personal document, as it charts the struggles and achievements of many people, Papua New Guinean and expatriate, who played their parts in the building of this great company.

I believe that this history highlights what has made Steamships successful. Its founder, Captain Fitch, was a dynamic, dedicated and progressive man, not averse to taking risks and standing up for what he felt was the right course. His approach has been followed by successive management teams over the years, with results that speak for themselves.

When I joined Steamships in 1956 it was the junior brother in the triumvirate of Burns Philip, W.R. Carpenter and Steamships. Burns Philip has all but disappeared and is not but a fading memory in PNG. Carpenter's is still there, but not as a major presence in the perception of the public. Steamships is now the premier trading company of PNG.

I was directly involved with Steamships, as employee, Director and Chairman, for 47 years between 1956 and 2003. This history brings back a wealth of memories for me, as it will for a great many others. It also stands as a proud guide for those who will come after, ensuring that the story of the Company, and the lessons of the past, will be there to help shape the future.

James Sinclair has done an excellent job in bringing together the tangled threads of this complex story, and producing a fascinating and very educational book.

Don Harvey
Chairman 1976-1986

Steamships Trading Company Limited

Level 5, Harbourside West, Stanley Esplanade

P.O. Box 1
Port Moresby
National Capital District
Papua New Guinea

Tel
(675) 3137400
WEBMAIL | PORTAL