Hoa Phat puts into operation the largest tonnage ship ever
Posted on: 03/07/2025
Hoa Phat puts into operation the largest tonnage ship ever. Photo: Tran Nghi
The ship is operated by Hoa Phat Shipping Joint Stock Company, a member of the group. Compared to the Kamsarmax ship with a capacity of about 80,000 DWT that Hoa Phat is operating, the Momentum ship increases the cargo volume carried by nearly 40% per trip.
The fleet upgrade brings higher operational efficiency, especially for long-distance international shipping routes and the need to import large volumes of raw materials, such as iron ore and coal from markets such as Australia, America and intra-Asia.
The Momentum is designed to operate on international routes and can call at deep-water ports such as Dung Quat, which is one of the main transit points, receiving most of the raw materials, such as ore and coal, for Hoa Phat's steel mills.
The conversion to large-capacity vessels is part of a strategy to develop a more proactive raw material supply chain, reducing dependence on outsourced transportation services.
In the context of constantly fluctuating international logistics costs, owning a vessel suitable for long-distance shipping routes becomes an important factor to ensure stable production operations.
Mr. Doan Quang Thinh, Director of Hoa Phat Shipping Joint Stock Company, said that investing in the Momentum ship is a calculated step based on the actual operating needs of the Group in the coming period.
According to the long-term plan, Hoa Phat's fleet will be developed to about 15 to 20 ships, mainly focusing on large-sized ships, both serving internal needs and providing services to domestic and foreign partners.