The Vietnam Shipping Lines Corporation (Vinalines) set to launch initialpublic offerings (IPOs) in the first quarter of 2015, General DirectorLe Anh Son announced at the firm’s conference in Hanoi on January 15 toreview 2014 results and set targets for 2015 operations.
Vinalineshas signed a deal with the Saigon Securities Incorporation (SSI) as aconsultant to help prepare for the upcoming IPOs.
In 2014, thefirm has equitised its ten subsidiaries, including five that had beenfinalised in 2013, Nha Trang, Hai Phong, Da Nang, Vinalines Nha Trangand Quang Ninh ports.
Nam Can Ports plans to organise IPOs this January while Cam Ranh and Saigon Ports have completed their asset valuations.
Thisyear, the state-owned shipbuilder aims to reach 26.7 million tonnes oftotal sea transportation output, down 3 percent from 2014, and 18.5trillion VND (867 million USD) in revenue, 6 percent below its 2014target.
According to Son, the firm lowered its output and revenuegoals due to scheduled plans for sea freight carriers to sellineffective old vessels alongside the ongoing restructure and withdrawalof its invested capital from several non-essential areas.
Vinalinescurrently has a fleet of 109 vessels with a combined load capacity of2.28 million deadweight tonnage, representing 31 percent of the totalnational shipping capacity.
It also manages a total wharf length of 16 kilometres, receiving 78.5 million tonnes of commodities in 2014.
Its revenue exceeded 19.8 trillion VND (928 million USD) last year, 96 percent its 2013 earnings.-VNA
Vinalineshas signed a deal with the Saigon Securities Incorporation (SSI) as aconsultant to help prepare for the upcoming IPOs.
In 2014, thefirm has equitised its ten subsidiaries, including five that had beenfinalised in 2013, Nha Trang, Hai Phong, Da Nang, Vinalines Nha Trangand Quang Ninh ports.
Nam Can Ports plans to organise IPOs this January while Cam Ranh and Saigon Ports have completed their asset valuations.
Thisyear, the state-owned shipbuilder aims to reach 26.7 million tonnes oftotal sea transportation output, down 3 percent from 2014, and 18.5trillion VND (867 million USD) in revenue, 6 percent below its 2014target.
According to Son, the firm lowered its output and revenuegoals due to scheduled plans for sea freight carriers to sellineffective old vessels alongside the ongoing restructure and withdrawalof its invested capital from several non-essential areas.
Vinalinescurrently has a fleet of 109 vessels with a combined load capacity of2.28 million deadweight tonnage, representing 31 percent of the totalnational shipping capacity.
It also manages a total wharf length of 16 kilometres, receiving 78.5 million tonnes of commodities in 2014.
Its revenue exceeded 19.8 trillion VND (928 million USD) last year, 96 percent its 2013 earnings.-VNA
