VINASHIP JOINT STOCK COMPANY

What VINASHIP JOINT STOCK COMPANY does

VINASHIP Joint Stock Company is a Vietnamese maritime cargo transportation company headquartered in Hai Phong, Vietnam's major northern seaport hub. The company operates a fleet of dry bulk and general cargo vessels serving international shipping routes between Vietnam, Southeast Asia, and North Asia, carrying agricultural products, coal, cement/clinker, iron and steel, and fertilizer. It is part of the Vietnam Maritime Corporation (VIMC) system, with roots tracing back to Vietnam Shipping Company (1984), and was formally equitized in December 2006. As of late 2025, the operating fleet comprises four vessels: MV VINASHIP UNITY (28,189 DWT, built 2012), MV VINASHIP AMITY (32,550 DWT, built 2010), MV VINASHIP HARMONY (28,201 DWT, built 2010, ex-Bright Hope), and MV MY HUNG (6,500 DWT, built 2003), with a fifth vessel (VINASHIP PEARL, 24,241 DWT) offered for sale via competitive bidding in November 2025.

The company's revenue is generated across four service lines: (1) Sea Transport Services — the core business of dry bulk and general cargo shipping contracted through direct enterprise sales; (2) Warehouse and Logistics Services — operating two container yards totaling over 28,000 m² plus more than 1,000 m² of warehouse space at strategically located facilities; (3) Stevedoring Services — loading and unloading operations using experienced personnel; and (4) Marine Services — provided through wholly-owned subsidiary Vinaship Marine Services Co., Ltd., which handles crew management and maritime support services. VINASHIP is publicly listed on Vietnam's UPCOM exchange under ticker symbol VNA, has 1,046 shareholders of record as of March 2025, and is led by Chairman Nguyen Ngoc Anh and General Director Duong Ngoc Tu. Pricing is not publicly disclosed; contracts are negotiated on a quote-based, pay-as-you-go basis. The customer base is entirely enterprise B2B, with named relationships spanning global agricultural traders (Cargill, Bulog, Toepfer, VINAFOOD II, Thoresen Indochina), cement and materials majors (Lafarge, SCT, SCCC), coal and steel shippers (Thailand Anthracite, Vinakyoe, Lee Metal Group), and fertilizer producers (Philippine Phosphata Fertilizer, MITCO Petronas Malaysia, Mekatrade Asia).

Name

VINASHIP JOINT STOCK COMPANY

Legal name

Công Ty Cổ Phần Vận Tải Biển VinaShip

Website

https://vinaship.com.vn

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

VINASHIP is a Vietnamese publicly-listed maritime shipping company headquartered in Hai Phong, operating a four-vessel dry bulk fleet and integrated container yard, warehouse, and stevedoring services for enterprise B2B customers across Vietnam, Southeast Asia, and North Asia.

Ownership category

akta.pro rank

Product category

Maritime Shipping Services

NAICS

Deep Sea Freight Transportation (483111), Marine Cargo Handling (488320), Water Transportation (483)

SIC

Deep Sea Foreign Transportation Of Freight (4412), Water Transportation (4400)

akta.pro primary industry

Dry Bulk Ocean Shipping (Capesize/Panamax/Handysize) (TLADAKAA)

akta.pro secondary industries

Bulk Terminal Services & Operations (Stevedoring, Sampling, Weighing, Blending) (TLAHABAO), Port/Terminal Heavy Cargo Handling & Stevedoring (Heavy Crane Ops) (TLAIAKAD)

Keywords

• Maritime shipping services
• Ocean freight transport
• Bulk carrier operations
• Warehouse logistics
• Stevedoring services

Headquarters

HQ city

Hai Phong

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Sea Transport Services: Core revenue from maritime cargo transportation services. The company operates a fleet of dry cargo and bulk carrier vessels providing shipping services on domestic and international routes.
2. Warehouse and Logistics Services: Managing 02 container yards with total area over 28,000 m2 and warehouses over 1,000 m2, providing integrated logistics and freight forwarding services.
3. Stevedoring Services: Loading and unloading services combined with experienced human resources for cargo handling operations.
4. Marine Services: Vinaship Marine Services Co., Ltd. provides maritime support services including crew management and marine-related services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

VINASHIP operates maritime cargo transportation services using its fleet of dry-bulk and bulk carrier vessels on domestic and international routes between Vietnam, Southeast Asia, and North Asia. The company also manages container yards (over 28,000 m2) and warehouses (over 1,000 m2) and provides integrated stevedoring/loading-unloading services for bulk and container cargo.

Product overview

VINASHIP JOINT STOCK COMPANY operates as a maritime transport company offering three integrated service lines: Sea Transport (core shipping and cargo transportation via its fleet of vessels), Warehouse services (container yard and warehouse management with 28,000+ m2 of container yards and 1,000+ m2 of warehouse space), and Loading/Unloading services (cargo handling operations). The company operates a fleet of vessels including MV VINASHIP HARMONY, MV VINASHIP AMITY, M.V MY HUNG, and MV VINASHIP UNITY for dry bulk cargo transport. Services are delivered through the company's headquarters in Hai Phong and branch operations.

Differentiator

Problem solved

Functional benefit

Brands

• MV VINASHIP HARMONY: Bulk carrier vessel, 28,201 DWT, built 2010 in Japan, acquired November 2025
• MV VINASHIP AMITY
• MV VINASHIP UNITY
• MV MY HUNG

Products and services

• Sea Transport (Vận tải) Sea freight transportation services for cargo shipping via the company's owned fleet of bulk carrier and dry cargo vessels on domestic and international routes. Targets enterprise cargo owners shipping bulk commodities between Vietnam, Southeast Asia, and North Asia.
• Warehouse and Container Yard (Kho bãi) Warehouse and container yard management services covering 02 container yards with total area over 28,000 m2 and warehouses over 1,000 m2, leveraging a strategic Hai Phong location to combine warehousing and logistics services for cargo owners.
• Loading and Unloading / Stevedoring (Xếp dỡ) Cargo loading and unloading services with experienced personnel for handling container and bulk cargo operations, integrated with the company's container yard and warehouse activities.
• Marine Services (Vinaship Marine Services Co., Ltd.) Maritime support services provided through wholly-owned subsidiary Vinaship Marine Services Co., Ltd., including crew management and other marine-related services supporting the fleet operations.

Quantifiable outcome

• Top performer among members of Vietnam Maritime Corporation

Named customers16 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Vinaship Marine Services Co., Ltd.coreOthers · 1 October 2020Wholly-owned subsidiary established on October 1, 2020, at No. 280 Ngo Quyen Street, Van My Ward, Ngo Quyen District, Hai Phong City. Provides maritime services including crew management and marine-related support services.

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Star Bulk Carriers Corp. Globally diversified dry bulk shipping owner of Newcastlemax, Capesize, Panamax, Supramax and Handysize vessels — benchmark global peer for fleet composition and TCE economics relevant to VINASHIP's Supramax/Handysize core.
• Mitsui O.S.K. Lines, Ltd. (MOL): Japanese global ocean carrier operating one of the world's largest dry bulk fleets alongside container, tanker, and LNG segments — represents the broad incumbent competitor across Asia-Pacific bulk trade.
• Kawasaki Kisen Kaisha, Ltd. (K Line): Japanese global shipping group with significant dry bulk carrier exposure and established North Asia–Southeast Asia trade service — a large incumbent counterpart for VINASHIP's target lanes.
• SITC International Holdings Company Limited: Hong Kong-listed intra-Asia container and bulk shipping group — operates a much larger fleet across multiple vessel types but shares the same regional Asian trade corridor focus and B2B enterprise customer model.

Regional players

• Vinalines Logistics Vietnam: Vietnamese state-owned port and maritime logistics operator under VIMC — directly comparable integrated port-shipping-logistics business model operating in the same Vietnamese home market.

Direct peers

• Belships ASA: Norwegian-based Ultramax and Supramax dry bulk owner — closely matched vessel class profile to VINASHIP's recent Handysize/Supramax acquisitions.
• Pacific Basin Shipping Limited: Hong Kong-listed dry bulk shipping specialist operating a fleet of Handysize and Supramax bulkers — directly comparable vessel class profile to VINASHIP and overlapping Asia-Pacific trade focus.
• Vietnam Ocean Shipping Joint Stock Company (VOSCO): Vietnamese state-affiliated ocean carrier also operating under the VIMC umbrella with a similar bulk carrier and tanker fleet serving the same domestic and intra-Asia trade lanes.
• Jinhui Shipping and Transportation Limited: Hong Kong-listed pure-play dry bulk owner of Supramax and Handysize vessels, directly comparable fleet composition with focus on Asian commodity trades.
• Thoresen Indochina Shipping: Thai-based regional dry bulk owner-operator focused on intra-Asia Handysize and Supramax trades — same vessel size, same trade lanes, and overlapping customer base in Southeast Asia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Vinaship-125604727477740
• LinkedInlinkedin.com/company/vinaship-joint-stock-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VINASHIP JOINT STOCK COMPANY