Vinalines’s IPO fell short of its target of selling a 34.8% stake for $210m, raising just $2.33m (VDN 54.35 Billion) on Hanoi Stock Exchange Wednesday.

Shipping unit of Indonesian port operator Pelindo II, Jasa Armada Indonesia, is expecting to raise about IDR924.3bn ($68.5m) in fresh funds after setting its initial public offering (IPO) price at between IDR325 to IDR530, local reports said.

Cosco Shipping Energy Transportation is raising RMB5.4bn ($815.3m) from a private share offering to pay for the purchase and construction new tankers.

Hanjin Shipping has been thrown a KRW100bn ($90.6m) lifeline as it seeks to unload its stranded vessels at the ports in Asia and Europe.