Embattled state-run Vinalines has asked the ministry of transport for permission to sell another six ships to help right its books.
The ships – almost all over 20 years old – are struggling to pick up decent rates, Vinalines said in its submission to the ministry.
Vinalines said that the sale will help it reduce losses and focus resources on getting its fleet average age down.
Vinalines has been cutting down its corporate size since 2012 when huge losses were revealed. Earlier this year, Hanoi demanded the line to sell its stakes in nine ports.
Vinalines Seeks to Offload Older Tonnage
2016-06-13
2975人
Source:Splash
Most ViewsHOT
- Jinhui frees up capital with double leaseback deal
- MSC ramps up megamax expansion with $1.2bn shipbuilding deal in China
- Winning Shipping acquires a newcastlemax
- Caravel Group sheds Kamsarmax fleet
- Latsco in for Huangpu Wenchong boxship brace
- Formosa Plastics contracts product tanker newbuilds in China
- Seatrade books 2,800 teu newbuild series
- Ningbo Ocean Shipping ramps up fleet expansion
- Dynacom bolsters suezmax orderbook in China
- GasLog turns to China for next LNG carrier orders