A Journey Beginning In 1969...
Mahe Shipping has deep roots in the history of merchant shipping in the Indian Ocean. In November 1969, the first shares were issued. 92.1% of the equity was held by Transport Investments Shipping, a consortium of eleven shipping lines from six European countries: Compagnie General Maritime and Delmas of France, British India Steam Navigation, British & Commonwealth Investments, Hall Line and Charente Steamship Company of Britain, Deutsche Ost-Afrika Linie of Germany, Nedlloyd of Netherlands, Norwegian America Line and Scandinavian East Africa Line of Norway & Compagnie Maritime Belge of Belgium.
The balance of shares was held by Tony Bentley-Buckle, Noel Bentley-Buckle, Richard Bainbridge and Helen Stead. Later, Tony Bentley-Buckle, Chairman and founder of Southern Line of East Africa, acquired 49% of the shareholding with the balance held by Transport Investments Shipping Ltd. His life story is told in the book "Through Albert's Eyes" (The British Navy at War and Peace Book 2). Mahe Shipping was originally based at what was then known as Union Lighterage Building in Royal Street. The building was later renamed Shipping House, and the street became Revolution Avenue after the coup d’état of 1977. The first accounts of Mahe Shipping covering the period from incorporation to 30 June 1970 showed a healthy profit of £16,500 from shipping commissions, but the company did not commence shipping agency until February 1971. Mahe Shipping acquired the shipping agencies of the company’s shareholders and went on to acquire many others; clearing and forwarding services were also offered to local companies and individuals.
Memorandum of Association signed on 12 December, but company remains dormant.
Shares allocated and business commences with agencies of Shell and Southern Line.
Air Mahe and Bunson Travel registered; 86% ULC purchased.
Captain James Harwood appointed Managing Director. Shipping agency commences.
Liquid Air (Seychelles) registered.
Seychelles Government acquires ULC and Mackenzies warehouse.
Adrian Skerrett appointed Managing Director.
Company enters the courier market as agents for TNT
Gerry Adam appointed Managing Director.
Investment in 33.3% of Silhouette Cruises.
Mahe Shipping becomes a part of the Corvina Investment Company Group.
Caroline Cetoupe and Joe Morin appointed directors, the latter also Chief Executive Officer.
Investment in 50% of Pro Archives Systemes, managed by Peter Lalande.
Guy Adam retires and Jean-Francois Adam is appointed as a director.
Joe Morin appointed Managing Director.
50th anniversary of the first share issue in the company is celebrated and a new book is launched “Seychelles, Ships and the Sea” to commemorate the occasion.