Vinalines pushes IPO date back by six months to June

Vietnam National Shipping Lines (Vinalines) is moving its target date to become a public company to June, after long-held plans to hold an initial public offering by December 2017 were delayed.

Company officials did not explain the move, but observers tell TradeWinds that the now profitable company could be seeking to fine-tune recent restructuring plans ahead of the IPO.

Government-controlled Vinalines is Vietnam’s largest shipowner with a mixed fleet of close to 90 tankers, bulkers, containerships and general cargoships.