Marine Link
Thursday, April 18, 2024

Vietnam’s Vinashin Sells Four Ships Worth $110M

Maritime Activity Reports, Inc.

August 16, 2010

According to a report from Bloomberg, Vietnam Shipbuilding Industry Group sold four newly-built ships worth almost $110m, as the Vietnamese government tries to restructure and stabilize the state-owned company that almost went bankrupt due to losses. The shipbuilder, also known as Vinashin, is trying to complete ongoing ship-building projects.

(Source: Bloomberg)

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week