Vietnam Container Joint Stock Company (Viconship) has just received the transfer of more than 12.76 million shares of Vinaship Shipping Joint Stock Company. This deal has made Viconship hold 40.01% ownership, becoming the second largest shareholder of Vinaship.
Vinaship Shipping Joint Stock Company, formerly known as Shipping Company III, was established in 1984. The company's revenue mainly comes from international shipping business and partly from transportation, loading and unloading, and container yard operations.
Vinaship currently owns a fleet of 5 ships with a total capacity of 95,861 DWT, including 3 ships with a capacity of 22,000 - 27,000 DWT, 1 ship with a capacity of 13,245 DWT and 1 ship with a capacity of 6,500 DWT. As of June 30, 2024, Vinaship owns assets of 635.3 billion VND, and does not use debt when equity is up to 539.28 billion VND, accounting for 84.9% of total capital.
Becoming a major shareholder at Vinaship is considered Viconship's latest move in consolidating the seaport - shipping ecosystem, aiming to increase its position in operating and exploiting the integrated logistics chain from owning a seaport with good operating efficiency to owning a container warehouse system and sea and road transport services of this enterprise.
Recently, Viconship has been actively carrying out M&A deals. Most recently in July 2024, this enterprise increased its ownership to 99.999% of the charter capital at Nam Hai Dinh Vu Port Company Limited. After successfully acquiring Nam Hai Dinh Vu Port, Viconship is currently the largest seaport enterprise in Hai Phong port cluster with a total handling capacity of 2.6 million TEUs (an increase of 36% compared to 2022), accounting for 30% of the market share in the whole region.
According to Vinconship representative, on November 4, 2024, Vinconship was approved in principle to upgrade Hai Phong maritime channel, dredging to a depth of -8.5m. Vietnam Maritime Administration issued document 5100/CHHVN-KHĐT on agreeing to the location and technical parameters of the maritime channel section from upstream of Nam Dinh Vu port to Nam Hai Dinh Vu port area belonging to Hai Phong maritime channel (from route Km31+200 to route Km34+900): the length of the channel section is 3.7 km and reaches a depth of -8.5 m; the width of the channel section from route Km31+200 to Km32+200 (length 1,000 m) is from 80 to 120 m; from route Km32+200 to Km33+770 (length 1,570 m) is 80 m; from Km33+770 to Km34+900 (length 1,130 m) from 80 to 110 m.
(Source: Vietnam Container Joint Stock Company)
Source: https://vietnamnet.vn/viconship-nhan-chuyen-nhuong-hon-12-76-trieu-co-phieu-vinaship-2339393.html
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