Norstar Shipping Company Ltd was founded in the United Kingdom in 1998.

Norstar Shipping Company Ltd was founded in the U.K. in 1998 by Chris Bonehill. In 2001 the Company relocated to Monaco and in 2005 the Company upgraded its status to Norstar Monaco S.A.M.

In 2005, Norstar Shipping (Asia) Pte. Ltd. was founded by Tom Bonehill and Chris Bonehill in Singapore, one of the fastest growing shipping hubs, to address the booming Asian, Far East and Japanese markets.

Two shipping investment funds were subsequently formed which together have invested in building a fleet of 10 specialized tankers.