Valles Steamship Company, Limited

Valles has four generations of shipping experience as the company has been in the business since 1917. The Company was founded by Mr. C.S. Koo in Shanghai as a family business. Over the years, Valles evolved from a customs brokerage house to a shipowner providing general cargo and passenger transportation services along Yangtze River and the Northern Coast of China.   In 1949, the Company's operations was transferred to Hong Kong where Valles Steamship Co., Ltd. was formed. Under the leadership of Mr. K.M. Koo, Valles continued its expansion.  By now, Valles owned and operated modern Aframax, Panamax and Capsize Bulkcarrier tonnage chartered to Japanese shipping companies and U.S. oil majors trading worldwide.  In 1995, Valles Steamship (Canada) Ltd. was created and the Company's ship management was transferred to Vancouver where it remains today. Through the generations, Valles has remained a private company. Valles currently is under the leadership of the third generation: Mr. David Koo, Mr. Eric Koo, Mr. Kingsley Koo and Mrs. Alice Koo Lau. They are all directors at the company. ​ The fourth generation have already taken up leadership roles at the business.  Mr. Wellington Koo serves as a Director, Ms. Tracy Koo as Commercial Manager and Mr. Jeffrey Lau is responsible for the Finance & Investments while also assuming various roles on the shipping side. Valles'​ fleet count now stands at thirteen vessels. The Company has eleven tankers and two bulk carriers: six Aframax Tankers, three Medium-Range Product Tankers (MR), two Long-Range Product Tanker (LR2) and two Panamax Bulk Carriers. The Company will continue to conservatively grow its fleet, entering into Newbuilding contracts against long-term charters or for tonnage replacement. Valles expects the delivery of its Newbuilding Aframax tanker from Japan's Namura Shipbuilding Co., in 1Q:2019. ​ Valles has five offices strategically located in Vancouver, Hong Kong, Mumbai, Shanghai and Tokyo.