Mr. Ekchai Chansue
NGOW HOCK GROUP
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.
The name “Ngow Hock” derived from Chinese Ta Chew language consisted of two meaningful words.
“Ngow” means “5(five)” representing the 5 founder families. “Hock” has various positive meanings, such as “luck, fortune, prosperity”. Therefore, Ngow Hock can be interpreted as “The Prosperous Five” as evidenced by the 5 lucky stars in the company logo. No doubt the first steamship managed and operated by Ngow Hock was named Steam Ship “Prosperity”.
Ngow Hock, under the management of Tanthuwanit family, had overcome various economic fluctuations and gradually rose to top ship-owner company of the country by its simple yet impact policy “Honesty and Trustworthy”. This business ethic was handed down from generation to generation even today.
Ngow Hock first main business was transporting agricultural products from Thailand to Hong Kong, Singapore and Malaysia while importing general cargo from abroad, such as mainland China through Hong Kong via conventional vessels. Through its strong growth, Ngow Hock has diversified itself into container service.