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Update news shipping agents
Experts have warned that some Vietnamese shipping firms, incurring big debts, will soon follow Hanjin and file for bankruptcy. At least two – Vinashinlines and Falcon – have been following procedures to declare bankruptcy.
VietNamNet Bridge - The record low freight for both inland waterways transport and international routes has caused a crisis among shipping firms, big and small, state-owned and privately run.
VietNamNet Bridge - The Vietnam National Shipping Lines (Vinalines), which was considered the country’s leading shipping firm, had by mid-2015 reportedly owed VND2.3 trillion to commercial banks.