“After enjoying five years of high growth, the Selamat Shipping SDN BHD entered into one of the most volatile and difficult periods in the history of global shipping industry in 2008. My decision to take the company private in 2009 was consonant in steering the company on the right course.”
SELAMAT SHIPPING traces its roots back to 1980 with the dawn of the nation’s offshore oil and gas industries that opened opportunities for local companies to engage in maritime services.
Swiftly emerging as the country’s largest ship agency for tankers of world’s oil majors calling at local ports, the foundation to shipowning was soon laid for SELAMAT SHIPPING, that started off as a joint endeavour between two young entrepreneurship Tan Sri Halim Mohammad and his wife, Puan Sri Mazmin Noordin in 1980.
The group has now emerged as a leading player in the Malaysian shipping industry, offering excellent and quality service to its customers. The company, with its group of companies, has a broad-based operation, and is considered as one of the largest and most successful private sector-owned public listed shipping companies in Malaysia. The group of companies now has diversified business interests in shipping, aviation, education, hospitality and tourism.
The group was listed on second board in 1996 and later migrated to the Main Board of Listed Companies of Bursa Malaysia Securities Bhd (Bursa) on 17 January 2002, now has a diversified fleet of vessels.
The Company’s ascension to the Main Board is a clear reflection of its reputation for good and proven financial track record and prudent management.
The group’s prudent quality management has contributed to commendable performance and standards and has earned the Company first-class reputable clients. The Company is also involved in joint-ventures, strategic alliances and business relationships with world-class international shipping companies.
The group’s rapid progress, achievements and its commitment for excellence earned it the country’s first Transport Company of Excellence Award in August 2001 presented by the Minister of Transport.
In 2009, Tan Sri Halim Mohammad and his wife, Puan Sri Mazmin Noordin together with the major shareholders of the company decided to delist HMB from Bursa Malaysia, a move that proved rewarding to all its shareholders.