6-April-2018
Government-controlled Vietnamese shipowner and operator Vinalines Shipping have been attempting to postpone Initial Public Offering (IPO) for two months. Vietnamese shipowner and operator Vinalines Shipping will postpone the common share sale. In January 2018, Vinalines Shipping postponed Initial Public Offering (IPO) date for six months and now postponed further for two months. A 35% stake of Vinalines Shipping is intended to be offered as Initial Public Offering (IPO). State-owned Vinalines Shipping is Vietnam’s most comprehensive shipowner and operator. Vinalines has a mixed fleet of 90 ships including tankers, bulk carriers, container ships, and general cargo ships. Moreover, Vietnamese shipowner and operator Vinalines Shipping has a stake in 14 Vietnamese ports.
14-October-2017
Vietnamese state shipowner and operator Vinalines Shipping has exited bankruptcy. During five years of bankruptcy process Vinalines Shipping payed off approximately all its debt. Vietnamese state shipowner and operator Vinalines Shipping has settled around VND 9.9 trillion of debt. Vinalines Shipping is still confident to start an IPO in 2017.