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Bisco begins Vietnam's liner fight-back.

Europe Intelligence Wire

| February 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

By Tony Gillotte in Bangkok

FOR years foreign shipping lines have sailed away with the lion's share of Vietnam's exports (over 90%), along with two joint stock companies (Gemartrans and APM-Saigon).

But the Vietnam Shipping Industry Corp (Vinashin) has begun to fight back, the Nhan Dan Daily reported.

Bien Dong Shipping Co (Bisco), a Vinashin subsidiary, has became the first wholly owned Vietnamese company to offer international service, running container vessels between Ho Chi ...

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