The Maritime Corporation wants to set up an international container fleet
Vietnam Maritime Corporation wants to increase capital, establish a fleet of container ships to transport international routes, compete with foreign shipping lines.
At the Annual General Meeting of Shareholders on the morning of April 20, VIMC General Director Nguyen Canh Tinh said that this year the corporation will continue to redirect investment in the container shipping fleet. To achieve this goal, VIMC will issue private shares to increase charter capital by about VND 1,000 billion.
VIMC will establish a Container Transport Joint Stock Company with charter capital of VND 2,041 billion, the corporation’s contributed capital of about VND 1,041 billion by assets being vehicles and equipment of the container fleet, or from proceeds from the ship liquidation.
This enterprise plans to sell and liquidate 15 ships with a total tonnage of 372,293 DWT, of which 12 ships were transferred from the previous year.
Loading and unloading goods at Quy Nhon port. Image: Mr Duy
According to the leader of the Maritime Corporation, the business will focus on developing the shipping – seaport – logistics ecosystem to provide full service for customers. Container transport plays the role of connecting to the network of seaport infrastructure and maritime services. When having a container fleet, businesses will improve the capacity of Vietnam’s fleet, avoiding the situation of foreign ships raising unreasonable freight rates, affecting the interests of goods owners.
Currently, VIMC has a fleet of small-capacity container ships, so it only conducts transport routes to countries in the region such as Japan, Korea, and China, or collects containers for foreign shipping lines, so it is economical. not high.
In 2021, the international container transport market is active with a sharp increase in freight rates, but Vietnamese transport enterprises will not benefit significantly because most of the import and export goods are carried out by foreign shipping lines. Currently, Vietnam does not have a professional container fleet that can compete with foreign shipping lines. Domestic shipping companies only have a few container ships operating a mixture of dry cargo ships and oil tankers.
Last year, seaports brought VIMC a profit of nearly 2,300 billion dong (accounting for 71% of total consolidated profit); the shipping sector achieved a profit of VND 869 billion (up 5 times in 2020); Maritime services also made a profit of more than 57 billion dong.
VIMC has achieved consolidated revenue of more than 14,300 billion dong, pre-tax profit of more than 3,640 billion dong. In which, the parent company achieved revenue of 1,825 billion VND, profit before tax reached 230 billion VND. This result was achieved thanks to the sharp increase in sea freight rates, which helped the shipping sector after many years of prolonged losses to become profitable. Particularly for maritime services and warehousing, profits are low due to the influence of social distancing measures to prevent the Covid-19 epidemic.
In 2022, VIMC is expected to achieve total consolidated revenue of more than VND 12,500 billion and profit of more than VND 2,518 billion. In which, the parent company achieved revenue of about 1,700 billion dong, pre-tax profit of 240 billion dong.
at Blogtuan.info – Source: vnexpress.net – Read the original article here
