Hanoi: Stating its intention to have a fleet of 158 ships of 2.46m dwt capacity by 2010 - requiring investment of some $1.47bn to buy 87 vessels - state-owned Vietnam National Shipping Lines (Vinalines) has inked a strategic partnership with national insurance company and putative investor Bao Viet. Vinalines director general Duong Chi Dung said the move would help his company's ambitions to become a powerful, diversified group involved in the financial and insurance markets, while Bao Viet boss Trinh Tranh Hoan said co-operation between leading domestic groups would enable them to better compete against foreign rivals. [15/08/06]
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.