Hoa Phat buys more ships carrying coal and ores with a tonnage of 80,000 tons

Hoa Phat buys more ships carrying coal and ores with a tonnage of 80,000 tons

Recently, Hoa Phat Group has completed the purchase of another Kamsarmax series vessel with a tonnage of more than 80,000 tons, built in 2017.
The ship uses a Japanese engine system, transporting bulk cargo, serving part of the demand for transporting coal and ore materials for Hoa Phat Group.

The purchase of more large tonnage ships is part of the Group’s fleet development strategy to meet the internal transportation needs and the bulk shipping demand in the market. Especially, when phase 2 of Dung Quat project is completed, Hoa Phat’s demand for importing production materials will increase higher than today.

The shipping market has many advantages to exploit, the freight rates are quite good, stable and ensure good profit margins for ship owners.

Right at the time of receiving The Prosperity, many partners expressed their desire to charter ships due to the young ship’s characteristics, low consumption, and high economic efficiency. In fact, the ship is carrying out a cargo voyage for a partner outside the Group.

Owning more ships The Prosperity helps Hoa Phat have a stable number of ships during peak periods when ships are scarce, thereby reducing risks when world charter rates rise, improving economic efficiency for Hoa Group. Phat.

In the first half of 2021, Hoa Phat Shipping Joint Stock Company invested in buying two large bulk carriers, The Evolution and The Harmony, with a tonnage of 90,000 tons, built in Japan.

T&G International Joint Stock Company

Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi

Hotline: 0345786803

Email: hrm@tginterjsc.com

Website: http://tginternationaljsc.com

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