By GMM News | 2025-01-07 | Global Partner News |

Vietnam Ocean Shipping Joint Stock Company (VOSCO, stock code VOS – HoSE) has just officially received the handover of the MT. DAI QUANG oil/chemical tanker with a capacity of 13,500 DWT in Singapore. Thereby, increasing the size of the VOSCO’s fleet to 14 ships with a total capacity of 447,174 DWT. VOSCO also informed the company will receive 2 new ships in the first quarter of 2025. Thereby, marking an important milestone contributing to increasing the transportation capacity and competitiveness of the company’s fleet.

Regarding the financial resources for ship investment, the company said that it has arranged counterpart funds and has worked with many domestic and foreign financial institutions. The company has currently received capital commitment documents from a number of domestic banks. This will be the largest fleet expansion in the history of VOSCO. The most recently invested ship of VOS is VOSCO SUNRISE, received in 2013. Since then, the company has only liquidated old, old, and technically poor ships… and has not invested in additional ships.

In terms of business results, in the first 9 months of this year, VOSCO recorded revenue of VND 4,239 billion, an increase of 86% over the same period in 2023. Pre-tax profit in the period increased 6.7 times, reaching VND 413 billion. Thereby, exceeding 74% of the revenue plan and 28% of the profit plan for the whole year.