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Vinalines denies Vinashin vessel takeovers

Vinalines denies Vinashin vessel takeovers

Hanoi: Vietnam National Shipping Lines (Vinalines) has denied it is take over 40 vessels from the country's ailing national shipbuilder. Tran Manh Ha, head of the Vinaline's legal department, denied reports the company was takeing 40 vessels owned by Vietnam Shipbuilding Industry Group (Vinashin) as part of a restructuring package for the ailing state shipyard group, Than Thein News reported. The company will receive some assets following a government decision, the spokesman said, without elaborating. Vinalines chairman and ceo Duong Chi Dung is leading a steering committee that is working on the restructuring. [19/07/10]

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