Established in 1929, Ngow Hock Company Limited was brought together by 5 Thai-Chinese rice mill owners who believed that ocean transportation or shipping business could be successfully managed by Thai operator. To run a shipping business required high capital investments and specific know-how, and in the old days it was entirely controlled by western companies, such as East Asiatic and British India. The initiation of Thai-own shipping company in that period was aimed to solve overpriced freight rates as well as unreliable sailing schedules. |
