The British maritime company Graig Shipping, which has a history spanning 105 years, recently announced the complete cessation of its operations after selling off all its vessels in 2019. This announcement has garnered significant attention within the British shipping community. Founded in 1919 and named after the first vessel purchased by its founder, Idwal Williams, Graig Shipping has played a crucial role in both the British and global maritime markets for over a century.
Graig Shipping is not only renowned for its innovative spirit in the maritime industry but also for its strong ties with the Chinese market. Since establishing its Shanghai office in 1995, the company has completed over 240 new shipbuilding projects in China, becoming one of the first British and European shipping companies to establish a base in the country. Over the past 25 years, Graig Shipping has built deep partnerships with Chinese shipyards, leasing companies, shipowners, and design firms, providing unique and customized solutions to global clients.
Despite the significant achievements Graig Shipping has made in the global maritime market, the company ultimately decided to cease operations following the retirement of its third-generation family members. In 2019, Graig Shipping exited the ship-owning business and shifted its focus to promoting its innovative Diamond bulk carrier design. However, as time passed, the business gradually dwindled, leading to the final decision to close down all operations.
With the departure of Graig Shipping, the British maritime industry has lost a company with deep historical roots and a wealth of innovative experience. Graig Shipping's impact will remain a significant part of the history of Sino-British maritime cooperation, and the conclusion of this century-old institution undoubtedly marks the end of a glorious era.
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