Shipping firms engulfed in difficulties, report losses

Last update 16:00 | 22/08/2017
VietNamNet Bridge – More shipping firms have reported losses for 2016 and the first months of 2017 as the freight rate and the demand for goods transport have dropped to a 10-year low.vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, shipping firms, Vietfracht, Vinalines

Vinafco’s Q2 financial report showed that the company’s business performance continued to decline in the first six months of the year.

The revenue from sales and service in the second quarter was VND257 billion, a decrease of 2.4 percent compared with the same period last year.

The gross profit decrease was blamed on a higher freight rate and financial costs. The storehouse which has just been put into operation does not run at full capacity. Tiếp tục đọc “Shipping firms engulfed in difficulties, report losses”