1950s: Small Beginnings
Sir Y.K. Pao was barely 30 years old in 1948 when he moved from Shanghai to Hong Kong. With friends and family he began the World-Wide Steamship Company Limited in 1955.
The first ship, Golden Alpha, was bought in 1955 and was joined in quick succession by a further five vessels. They were all put on period charters with Japanese and Hong Kong companies. With freight rates rising following the closure of the Suez Canal in 1956, and the rapid industrialization of Japan, business boomed.