News / Vietnam to boost domestic box fleet as more shippers shift from China

Photo: © Mariusz Bugno

Vietnam’s state-controlled shipping group, Vietnam Maritime Corp (VIMC), plans to acquire more containerships and build more inland box depots in a bid to boost its competitiveness.

The group aims to acquire four box ships ranging from 1,700 to 2,200 teu this year, bringing its fleet of 12, for around 9,000 teu, to at least 13,000 teu, accounting for 30% of all Vietnamese-owned container vessels.

Last year, VIMC’s net profit fell 23% year on year, to VND2.54trn ($107.5m), as operating costs surged amid ...