Trai thien thatch in swift genius with long-term shipping contracts
HO CHI MINH CITY, VIETNAM, Oct. fourteen, 2011 /PRNewswire around COMTEX/ –Trai Thien USA( otc markets:TRTH) currently voiced which, due to flourishing direct for a Company’s services, it has sealed 6 long-term contracts with agents formed in Singapore, Malaysia, Vietnam as good as a Philippines to ride scarcely 1.5 million tons of load in Southeast Middle East over a entrance 3 to 5 years, representing an estimated$ 45 million in revenues during stream rates, as good as accounting for we estimate eighty-five percent of a stream fleet’s capacity.
Khanh Nguyen, President as good as Founder of Trai Thien USA, commented, “Even by tellurian mercantile headwinds which influenced so most of a worldwide shipping attention, Trai Thien managed to say a dry bulk shipping commercial operation as good as go upon gaining traction in a niche Southeast Middle East marketplace space. We cruise these long-term contracts to be a clever indicator of flourishing direct as good as certainty in a marketplace, as good as a agents’ certainty in Trai Thien’s capability to yield veteran services as good as house flourishing marketplace demand.”
About Trai Thien USA
Trai Thien USA is a fast-growing Vietnam-based dry bulk shipping association handling a twenty-one, 990 DWT swift comprised of 6 geared bulk vessels specialized in upon condition which sea travel services for tender element submit equipment such as spark, ore, pellet, two by four, concrete, steel as good as manure via a Southeast Middle East region. In sequence to encounter approaching one after another expansion in direct from an expanding bottom of abroad as good as done at home Vietnamese business, as good as to enhance a geographic regions which it can use to embody potentially some-more essential routes in East as good as South Middle East, Trai Thien has done deposits to take 6 incomparable 7600 DWT vessels, which depending upon a company’s capability to encounter one more collateral apparatus mandate, have been approaching to be delivered in 2012.
Safe Bay Statement: Under A Private Securities Litigation Reform Act of 1995: Except for chronological report contained herein, a statements in this headlines recover have been forward-looking statements which have been done pursuant to a protected bay supplies of a Private Securities Act of 1995. Forward-looking statements engage well known as good as different risks as good as uncertainties, which might means a company’s tangible formula, opening as good as feat in a destiny to talk about materially from forecasted formula, opening, as good as achievement. These risks as good as uncertainties have been described in a Company’s continual filings with a Securities as good as Exchange Commission. A Association undertakes no requisite to publicly recover a formula of any revisions to these forward-looking statements which might be done to simulate events or resources after a date hereof, or to simulate a feeling of amazing events or changes in a Company’s skeleton or expectation.
CONTACT: Jacob Nguyen of ProPublic Media, + 1-310-740-3236, for Trai Thien USA
SOURCE Trai Thien USA
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