1990
Queensway is established in Piraeus. Our first ship under management: M/T VEMAOIL, a 2,842 dwt oil tanker.
The Company
HISTORY
Queensway: A Legacy of Excellence
Queensway Navigation Co. Ltd. was established in 1990 in Piraeus, Greece, as a dedicated ship management company.
Our founding team brought with them more than four decades of maritime experience. Their vision, leadership, and unwavering commitment to excellence laid the foundation for Queensway’s steady growth and long-standing reputation in the industry.
From the outset, we have remained firmly committed to continuous improvement through the development of our people. This focus has shaped our identity and underpins a culture defined by professionalism, mutual respect, and deep technical expertise.
Since our establishment, Queensway has successfully managed over 35 vessels, reaching a peak of 14 ships in operation simultaneously. Our journey has been one of resilience, discipline, and an enduring drive for excellence — hallmarks of our presence in global shipping.
As we look to the future, we remain steadfast in our values, evolving with the industry while staying true to the principles that have guided us since the very beginning.
Our journey
1995
We acquire M/T VEMAOIL XXXV, a 35,000 dwt oil tanker, and deploy it as Gibraltar's first floating storage unit, highlighting our early versatility in the bunkering and storage sector.
1999
Queensway establishes Queensway Services Ltd., a manning agency based in Batumi, Georgia, further strengthening our focus on high-quality crew management and long-term retention.
2000
The company takes delivery of M/T VEMAMAGNA, an Aframax tanker, entering the Aframax trade.
2003
Delivery of M/T WILMINGTON and M/T VEMAOCEAN, two additional oil tankers.
2004
Acquisition of M/T VEMABALTIC, enhancing the company’s capacity in the oil trade.
2005
In response to evolving industry regulations, Queensway launched a conversion program for its single-hull vessels. The first to undergo this transformation was M/T VEMAOIL XV, with the vessel’s beam expanded to comply with the new double-hull standards.
2006
Queensway’s fleet reaches 14 vessels under management, as the company completes its single-hull to double-hull conversion program. The final vessel, M/T VEMAOIL VIII, undergoes extensive modifications, including 135 tons of new steel and piping works, all completed within just 40 days.
2007
Delivery of M/T VEMACAPE, a Panamax-size oil tanker, further expands the fleet and enhances Queensway’s operational range in international trades.
2009
Queensway continues to develop its fleet with the additions of M/T VEMAOIL XIV and M/T VEMAOIL XXIII.
2012
The company moves into its new, privately owned headquarters in central Athens and takes delivery of M/T VEMASPIRIT.
2014
Strategic entry into asphalt transport, with the acquisition of M/T SUNPOWER. At the same time, the company exits the Aframax segment with the sale of its last such vessel.
2017
Acquisition of M/T VEMAHONESTY, marking further focus on the oil/chemical tanker segment.
2020
The company expands with the acquisitions of M/T VEMAHARMONY and M/T VEMAHOPE.
2022
Delivery of M/T VEMADIGNITY and M/T VEMAGRACE, further enhancing the oil/chemical fleet.
We are many things, mainly professional ship managers, but first of all, we are a family and thus we shall remain.