Colombian Steel Company Acesco S.A. and Shipping Company Granelco S.A. conduct a trial shipment to carry steel from Venezuela via the Magdalena River to Acesco’s upstream facilities at Pimsa industrial park in Colombia’s northern coast.
Navesco is established and begins operations with a sea-going barge (8.000 dwt) from Puerto Ordaz, Venezuela to Pimsa Industrial Park carrying steel for Acesco.
Navesco begins operating the Volga – type vessels (MV RABROS, MV PANNON RIVER, MV PANNON SEA 6.200 dwt) and consequently acquires ownership of its first fully-owned vessel: MV RABROS.
Navesco acquires full ownership of Granelco from the Flota Mercante Grancolombiana. The merger of both companies under the Navesco name results in a diversified company operating six vessels.
Navesco begins operating the MV PAZ COLOMBIA — an 7.800 dwt vessel built at Bodewes Shipyard at Holland and custom-built to clear a bridge restriction on the Magdalena River. This was the largest vessel ever to clear the bridge restriction.
The first two new-buildings are delivered to the Company: MV PENSILVANIA and MV MACONDO, both 7.800 dwt and built at Bodewes Shipyards in Groningen, Holland.
Navesco makes its first non-shipping investment by acquiring a majority stake in Kinnox, a steel processing company in the Domincian Republic.
The third new-building, MV SALAMINA 1 (8.000 dwt), is launched at Astilleros de Murueta in Bilbao, Spain.
2011 – 2012
Resulting from a partnership with spanish Naviera Murueta, the MV MANIZALES and MV MURUETA (both 8.000 dwt) are built and launched at Astilleros de Murueta.
Navesco partners with italian Nova Marine Carriers in the building of four 14.720 dwt vessels (MV SIDER COLOMBIA, MV SIDER MOMPOX, MV SIDER TAYRONA AND MV SIDER LIU) that are delivered within the following years.
Navesco and Nova Marine Carriers (now NASC) join together in a Shipping Pool that operates thirteen vessels ranging between 12.500 – 14.720 dwt.