- Sea fleet and sea port development as main objectives;
- Multi ownerships, multipurpose of business;
- Human development and enhancement;
- Expanding cooperation with local and foreign partners;
- Other effective fields of business.
Development objectives for 2006 - 2010:
.1 Organization - continue to establish:
- VIPCO transport company Ltd;
- VIPCO Petrochemical Terminal company Ltd;
- VIPCO Container Terminal company Ltd;
- VIPCO Marine Technical Service and Consultancy company Ltd;
- VIPCO Trading company Ltd;
Until the end of 2010, the company will have total of 9 affiliated companies.
.2 Registered Capital:
The company list its stocks at Ho Chi Minh Securities Trading Center in December 2006 with the first transaction held on December 21, 2006. The Company will issue more stock as follow:
First turn after the listing: 7,020,000 shares (current shareholders may buy new share in the rate of 10:2);
Second turn in early 2007: 12,880,000 shares;
Third turn in 2007: maximum 20,000,000 shares.
The company intends to increase the registered capital to 1000 billions Vietnam Dong.
.3 Investment:
.3.1 Fleet development:
- Buying one double hull oil tanker of 35,000 - 40,000 DWT in the end of 2007;
- Building 02 shallow draft oil tankers of 20,000 DWT and 02 asphalt tankers of 2,500 DWT with estimated delivery in 2008 - 2009.
- One oil tanker of 35,000 - 40,000 DWT in 2010.
The total tonnage of the fleet will be about 180,000 - 200,000 DWT at the end of 2010 with the average age of 5 years.
.3.2 Terminal development:
- Start the construction of petrochemical and container terminals in 2007;
- Complete 1st stage of construction to start operation at the end of 2008.
- Expand the area and scope of these terminals in 2009 and 2010.
.3.3 Crew training facilities development:
In 2007 the company will start constructing a crew training base in Anh Dung VII Civil zone, Haiphong city. It will be a training center of VIPCO Crewing Company Ltd., which invested to cooperate with foreign training organization. | 