Shipping operation of Northern Shipping Joint stock Company

Northern Waterway Transport Corporation (hereinafter referred to as NORWAT), the precursor of Northern Shipping Joint stock Company (hereinafter referred to as NOSCO), was established on the Decision No. 1108/QĐ-TCCB-LĐ dated June 3rd 1993 issued by Minister of the Ministry of Transport. At that time, NORWAT was directly under Vietnam Inland Waterway Administration. NORWAT became a member of Vietnam National Shipping Lines (hereinafter referred to as VINALINES) according to the Decision No. 598/TTg dated July 30th 1997 issued by Prime Minister. Then it was renamed to Northern Shipping Company on the Decision No. 219/QĐ-HĐQT dated April 1st 2004 issued by General Director of VINALINES. In November 28th 2006, Minister of the Ministry of Transport approved the plan of transforming Northern Shipping Company into Northern Shipping Joint stock Company (NOSCO) on the

Foreign Trade University

Faculty of Economics and International Business

Mid-term Training Report

Topic:

Shipping operation

of Northern Shipping Joint stock Company

Student ID : 0851050033

Hµ Néi - 2011

Table of Content

I Overview about Northern Shipping Joint stock Company 3

1 History and Development progress 3

2 Personnel structure 4

3 Operations and Businesses 5

3.1 Shipping and other Maritime services 5

3.2 Other businesses 8

4 Analysis on the competition 8

II The shipping operation of NOSCO 10

1 Real situation at NOSCO 10

1.1 Business results in recent years (2007-2010) 10

1.2 Goods shipped 14

1.3 Main routes 15

2 Assessment 15

2.1 Market shares 15

2.2 Shipping balance 17

2.3 Seasonality 17

III Suggestions 18

1 Future goals and Development orientations 18

2 Some suggestions 18

CONCLUSION 21

REFERENCE 22