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Baseless arrest in Bangladesh, shipowners of Vinalines Star "call for help"

General Maritime Corporation Vietnam has released the report sent to the Ministry of Transport, Ministry of Foreign Affairs of the vessel Star Vinalines arrested at the port of Chittagong, Bangladesh. In its Report, the implementation contract signed charter with charterers Woochang Shipping Korea, dated 11-5-2016, the ship Vinalines Star (Vietnam flag) by Vinalines Shipping Company (VLC-subunit under Vinalines) management to cargo at the port of Chittagong, Bangladesh to unload coal 25.400MT transported on ships leaving from the port of Muara Berau, Indonesia. 31-5 days, the ship remained at anchor, waiting for Ms HNBricks consignee (HN Bricks) completing the consignee, HNBricks has informed the ship owner that the cargo on board deterioration, according to the report analyze samples of the port authority. http://anninhthudo.vn/thoi-su/bi-bat-giu-vo-can-cu-tai-bangladesh-chu-tau-vinalines-star-keu-cuu/695042.antd

attach by High Court

attach by Chittagong High Court 16.06.16

Vinalines shipping line raises alarm over debt

HANOI (Reuters) - Shipping line Vinalines once symbolized the postwar promise of Vietnam when it began jockeying for global trade after the United States lifted sanctions on its former enemy in 1994. Today, it represents all that has gone wrong since then: a bloated behemoth with 18,000 workers, a fleet of loss-making ships and $2.1 billion in debt. In recent weeks, two senior executives have been arrested, its former chairman is on the run, and the firm has become a byword for mismanagement. Read more at http://www.publicbroadcasting.net/wbfo/news.newsmain/article/0/0/1941120/World/In.Vietnam..a.shipping.line.raises.alarm.over.debt