The International Gas Product Shipping Joint Stock Company (Gas Shipping) plans to increase charter capital by VND300 billion (US$12.8 million) to invest in fully refrigerated VLGC (Very Large Gas Carrier) this year.

Specifically, Gas Shipping plans to invest in two ships with a total capital of nearly $67 million, including investment in oil and chemical tanker No 2 with a tonnage of about 10,000 - 25,000 DWT with a total estimated investment capital of $17 million and invest in a VLGC about 72,000 - 85,000 CBM with a total estimated investment of $49.9 million.

Currently, the company's fleet consists of seven ships with a total tonnage of 38,000 DWT.

Gas Shipping's ships are being exploited continuously in domestic and international markets.

The company achieved revenue of VND929.4 billion in the first six months of this year, up 4.6 per cent over the same period.

Its profit after tax is VND33.6 billion, a year-on-year growth of 11 per cent.

Previously, its annual general meeting of shareholders approved this year’s plan to achieve total revenue of VND1.4 trillion and profit after tax of VND67.2 billion. — VNS