President Kim Il Sung founded the company on March 11, Juche 36 (1947), and indicated the way to be followed by it.

Leader Kim Jong Il paid attention to the improvement of transport on the River Taedong, gave a series of instructions to the company and repeatedly sent it modern passenger boats and equipment.

Since its foundation, the company has turned into a marine transport base equipped with many passenger and freight boats and good ship overhauling facilities.