former oceanbank officials may face heaviest penalty

Former OceanBank officials may face heaviest penalty

This morning the Hanoi’s People’s Procuracy proposed that OceanBank’s former chairman Ha Van Tham be given a life sentence and former general director Nguyen Xuan Son be given the death sentence.
vitas proposes prime minister to stop wage increase

Vitas proposes prime minister to stop wage increase

Increasing the regional minimum wages, coupled with the high prices of social insurance and ocean shipping fares, has raised concerns about the development of Vietnam's textile and garment industry.
leading vietnamese ocean shipping enterprise flooded by losses

Leading Vietnamese ocean shipping enterprise flooded by losses

One of Vietnam’s leading ocean shipping companies, Vietnam Ocean Shipping JSC (Vosco), a subsidiary of Vietnamese shipping group Vinalines, has been operating with massive losses.
court summons record 700 to testify at oceanbank trial

Court summons record 700 to testify at Oceanbank trial

The Hanoi People's Court has resumed the trial of leaders and employees of Oceanbank, one of the biggest economic criminal proceedings in Vietnam to date, after acquiring additional information.
worlds northernmost coral reef in japan bleached

World's northernmost coral reef in Japan bleached

TOKYO: Bleaching has damaged the world's northernmost coral reef in Japan, a researcher said Tuesday (Jul 18), the latest example of a global phenomenon scientists have attributed to high ocean temperatures.
ocean bank finds new foreign owner

Ocean Bank finds new foreign owner

A source of VIR revealed that the zero VND Ocean Commercial Joint Stock Bank (Ocean Bank) has been sold to a foreign bank in Asia.
titanic shipping company taking on water

Titanic shipping company taking on water

The released annual report of Vinalines subsidiary Vietnam Ocean Shipping Joint Stock Company (Vosco) showed a big loss in 2016 and the company is trying to save itself by restructuring for the second time in ten years. 
at least 6 killed in crane accident at samsung shipyard in south korea

At least 6 killed in crane accident at Samsung shipyard in South Korea

SEOUL: At least six Samsung workers building a US$500 million ocean platform for French energy giant Total were killed in a shipyard crane accident, South Korean authorities said Tuesday (May 2).
brg sumitomo cooperate in nhat tan noi bai project

BRG, Sumitomo cooperate in Nhat Tan-Noi Bai project

Viet Nam’s BRG Group Joint Stock Company and Japan’s Sumitomo Corporation Asia & Oceania Group will partner to execute a plan to implement the Nhat Tan-Noi Bai project.
bank chairman admits violations

Bank chairman admits violations

Former Ocean Bank chairman Ha Van Tham admitted his violations on Thursday, saying his actions were aimed at saving his job and preventing the bank from going bankrupt.
former ocean bank executives stand trial

Former Ocean Bank executives stand trial

The People’s Court of Hanoi on February 27 opened the first instance hearing for former Chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank (Ocean Bank) Ha Van Tham and other former executives of the bank for serious violations of State laws.
central province throws festival fit for sea gods

Central province throws festival fit for sea gods

The immense ocean and its intimidating ambience has always been unpredictable to the fishermen. Traditionally, fishermen have reposed their faith on supernatural forces, expecting them to ensure their safety during fishing trips and help them net bumper catch.
embezzlers at state owned vinashinlines come to trial

Embezzlers at State-owned Vinashinlines come to trial

The Hanoi People’s Court opened a first instance trial on February 16 on the asset embezzlement at the State-owned Vinashin Ocean Shipping Co. Ltd (Vinashinlines), which is awaiting bankruptcy.
india beat new zealand 4 1 in davis cup

India beat New Zealand 4-1 in Davis Cup

PUNE, India: Ramkumar Ramanathan and Yuki Bhambri scored back-to-back wins over New Zealand on Sunday to give India a 4-1 victory on the final day of the Davis Cup Asia/Oceania Group I tie in Pune.
obama declares new marine reserve at ocean summit

Obama declares new marine reserve at ocean summit

WASHINGTON: US President Barack Obama announced the creation of a new marine reserve in the Atlantic on Thursday (Sep 15) as Washington hosted a major world summit on protecting the planet's oceans.