Vietnam Ocean Shipping Joint Stock Company had a very bad business quarter

Share this on: Hanoi, May 06 2025 - 04:00 PM

Vietnam Ocean Shipping Joint Stock Company had a very bad business quarter. Their revenue decreased a lot. They had a gross loss. As a result, they had a net loss of almost VND 54 billion. This was their third consecutive loss-making quarter. This was also their heaviest loss since the first quarter of 2020. The dry bulk shipping market was very difficult. Freight rates decreased sharply. The oil tanker market was unstable. Some of their ships had to stop operating for repairs.


Vietnam Ocean Shipping Joint Stock Company had a very bad business quarter. Their revenue decreased a lot. They had a gross loss. As a result, they had a net loss of almost VND 54 billion. This was their third consecutive loss-making quarter. This was also their heaviest loss since the first quarter of 2020. The dry bulk shipping market was very difficult. Freight rates decreased sharply. The oil tanker market was unstable. Some of their ships had to stop operating for repairs.



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