Vietnam’s Vinalines is amassing daily losses of between $5,000 and $15,000 from six ships it is trying to sell.
The state shipowner is waiting for ministry of transport approval to ditch five bulkers and a boxship.
Vinalines general director Nguyen Canh Tinh told local media that the cash is going on operation and maintenance of the vessels.
The dry cargo ships include the 73,000-dwt Vinalines