HÀ NỘI — Stocks of marine shipping companies have seen a breakthrough, buoyed by supportive policies and rising sea freight prices after hitting bottoms. The global sea freight prices have started rebounding from the end of July, showing that the marine shipping industry is gradually escaping the 16-month correction. On the stock market, marine shipping stocks, such as Hải An Transport & Stevedoring JSC (HAH), Gemadept Corporation (GMD), Viconship (VSC), and Vosco (VOS) are actively traded and have jumped in recent trading sessions. Hải An currently has 11 container ships, with a total carrying capacity of nearly 16,000 TEU, accounting for nearly 40 per cent of the container shipping industry in Việt Nam. But by 2024, the output is expected to reach 3.5 million TEU, an increase of 22 per cent.

Source: Viet Nam News September 18, 2023 20:52 UTC