Vinalines unable to rid itself of old vessels

Vinalines unable to rid itself of old vessels

Despite the initial selling far below the original price, Vinalines is still hard-pressed to sell off its ineffective six-vessel fleet.
Vinalines drops plan for PPP port  investment

Vinalines drops plan for PPP port investment

The state-run Vietnam National Shipping Lines is going to withdraw from the northern Vietnam’s flagship port project Lach Huyen as part of its divestment activities.
Money-bleeding Vinalines subsidiaries to be dissolved

Money-bleeding Vinalines subsidiaries to be dissolved

The government has decided to put an end to 40 subsidiaries under the state-run Vietnam National Shipping Lines (Vinalines) so that the parent firm can refocus on its core business.
Vinalines’ financial storm

Vinalines’ financial storm

Vinalines, caught in a financial tsunami, continues to burden the state.
Vinalines sails into stormy financial seas

Vinalines sails into stormy financial seas

Vinalines will analyse the efficiency of the method for reducing state investment capital and increase contributions of private partners, including foreign ones in the ports
Vinalines debts exceed charter capital

Vinalines debts exceed charter capital

A government report has confirmed that Vietnam National Shipping Lines’ (Vinalines) debts are much greater than its charter capital.
Vinalines case takes new twist

Vinalines case takes new twist

The Ministry of Public Security has issued an arrest warrant for scandal-hit Vinalines’ former chairman Duong Chi Dung, who is still at large.
Vinalines’ former executives prosecuted

Vinalines’ former executives prosecuted

Vietnam’s largest national-flag shipping corporation’s former senior executives have fallen under the government’s axe for mismanagement resulting in heavy losses.
Vinalines charts a steady course

Vinalines charts a steady course

Leading state liner Vinalines will take a raft of comprehensive measures to boost its business efficiency.
Becalmed Van Phong seaport project  is looking to put the wind in its sails

Becalmed Van Phong seaport project is looking to put the wind in its sails

Central Khanh Hoa province is hunting for foreign investors to develop the becalmed Van Phong seaport project.
Vinalines still faces stormy seas

Vinalines still faces stormy seas

Business restructuring is imperative to keeping state liner Vinalines afloat.
Van Phong voyage gathers speed

Van Phong voyage gathers speed

Vietnam’s dream of building an international transshipment port, to compete with regional port hubs, is closer to reality as Port of Rotterdam is looking to dock with the Van Phong seaport project.
When ill fate sinks the titan lotus

When ill fate sinks the titan lotus

There is nothing to be proud of $67 million Hoa Sen (lotus) ship formerly owned by the beleaguered state-run Vinashin with its shameful history including stopping operation after a short time, getting detained in Korea and currently docking dormant in China.
Vinalines’ losses catch State Inspectorate’s eyes

Vinalines’ losses catch State Inspectorate’s eyes

Vietnam’s leading shipping firm, it was announced today, would be put under the microscope after suffering eye-catching losses.
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