Hoa Phat Acquires 2 Ships to Transport Coal & Iron Ore
Hoa Phat ShipsHoa Phat

Hoa Phat Acquires 2 Ships to Transport Coal & Iron Ore

At the end of February 2021, Hoa Phat Shipping Joint Stock Company completed the purchase and receipt of two large bulk carriers with a tonnage

At the end of February 2021, Hoa Phat Shipping Joint Stock Company completed the purchase and receipt of two large bulk carriers with a tonnage of 90,000 tonnes, a modern engine system and was built in Japan. These ships will transport coal and iron ore to the Group. With a tonnage of up to 90,000 tons, this large bulk carrier will help Hoa Phat be proactive in transporting materials for production and business.

Hoa Phat has a huge quantity of goods. Each year, it is necessary to import tens of millions of tonnes of raw materials such as iron ore, coal, limestone, scrap at home and abroad to serve production. This is a great advantage for Hoa Phat to own a ship and participate in the shipping industry, optimizing shipping costs for the Group.

Hoa Phat Shipping Joint Stock Company is responsible for chartering of all orders for the Group's FOB and CFR sales, and at the same time accepts commercial orders from the market.

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