Vietnam Shipping Lines will acquire 40 vessels from ailing Vietnam Shipbuilding Industry Group to buy back part of its $4bn debt.
The ships, from state-owned shipbuilders, include 21 bulk carriers, seven tankers, ten box ships and two barge carriers.
Twenty of the vessels will come from Vinashin Lines and will include 14 general cargo and bulk carriers, four tankers and two container ships.
Bien Dong Shipping will provide 13 vessels including eight box ships, three bulk carriers and two tankers.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData