June 25th, 20180The Vietnamese government has approved the IPO plans of state-run Vietnam National Shipping Lines (Vinalines) as part of its efforts to push privatisation among state-owned entities.
The IPO, which is expected in September, will see the Vietnamese government sell around 35% equity in Vinalines to private investors.
According to the...
June 25th, 20180Vietnamese bulker player Tan Binh is back after an 18-month hiatus from its last buying binge. The handysize specialist was one of the most active buyers throughout 2016. It remained quiet in 2017, but now brokers can reveal a string of purchases it has made quietly this year.
In March it bought the 19-year-old, 23,500 dwt Luxury SW...
May 14th, 20180Japan’s Mitsui O.S.K. Lines (MOL) has announced that its joint venture company Haiphong International Container Terminal (HICT) has been officially launched at Lach Huyen Port yesterday.
HICT is the first terminal in northern Vietnam and is capable of catering 14,000 teu containerships, and MOL says the terminal will meet customer...
April 25th, 20180Genoa-based shipping firm Calisa, part of the Novella Group, is close to selling one of the four tankers in its fleet.
Brokers sources report that the company, lead by Marco Novella, is offloading 2007-built MR1 Sipea for some $12.1m to a Vietnamese buyer, most likely PetroVietnam's PV Trans. Novella declined to comment on the deal...
April 25th, 20180Gemadept Shipping, an affiliate company of Vietnam’s port and logistics group Gemadept Corporation, is said to have purchased the 2009-built feedermax boxship Sinar Bromo from Japanese owner Tsurumi Kisen.
According to a report by Alphaliner, the 1,054 teu vessel has been renamed Pride Pacific under Vietnamese flag.
Last year,...
April 24th, 20180A month after active PetroVietnam added Chembulk's Kings Point, renamed Opec Fortune, for just under $14m, the growing Southeast Asian outfit is tied to a much larger tanker adding the BM Breeze, a 105,400 dwt aframax belonging to Japan's Doun Kisen, for $18m.
The ship will be the fifth aframax in PetroVietnam's tanker fleet that...
April 20th, 20180Vietnam’s Vinalines is looking to sell six vessels in its fleet as part of its efforts to optimize assets, following the sale of eight vessels last year, the company said when announcing its annual financial results.
The six vessels are handy bulkers Vinalines Fortuna, Vinalines Ocean, and Vinalines Sky, tankers Vinalines Glory and...
February 26th, 20182One of Southeast Asia’s most prolific buyers of bulkers from 2014 to 2016 has decided the time is right to reenter buying mode. Tan Binh, a private Vietnamese owner, has added the vintage 21,550 dwt bulker for $4.2m from Shih Wei Navigation.
The 1999-built ship has already been renamed Tan Binh 236 and is busy carrying cargo for...
February 1st, 20180Vietnam is gearing up is for a big presence at Asia Pacific Maritime (APM), Singapore’s leading shipping exhibition which kicks off next month. As part of promotion of the event, APM organisers have been in Vietnam listening to the needs of the local shipping community. Not for the first time local owners in the Southeast Asian state...
January 29th, 20180Vinalines, Vietnam’s largest state-run shipping company and port operator, has set a new date for a long planned IPO, Vietnamese local media reports.
Nguyen Canh Tinh, acting CEO of Vinalines, said the company is planning to launch an IPO in the middle of this year, postponed from an earlier planned IPO date in December.
The IPO is...
