Trai Thien USA (OTC Markets:TRTH) today announced that its six vessels are operating at full shipping capacity.
The six vessels realized 26 trips in the first quarter 2012, and are projected to make a total of 120 intra-regional voyages for the 2012 fiscal year. When factoring in down time for scheduled maintenance and repairs, a TRTH vessel completes a commercial voyage every 18 days on average.
The full operational capacity status reflects the ability of Company management to fulfill its long-term plan of becoming a key player in inter-ASEAN cargo shipping. Management is demonstrating a concrete ability to maintain consistent year-round revenue growth by strategically limiting the impact of seasonal factors through the diversification of cargo-related risks. By utilizing Trai Thien's experienced staff, technology investments and capital resources, Company management has been able to maintain a low cost structure and differentiate itself from competitors through superior service and focus on profitable routes and cargo.