Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Vinalines gears up for huge expansion

Vinalines gears up for huge expansion

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]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.