According to the plan, HAH will contribute an additional VND 140 billion, raising its total investment in Hai An Green to VND 540 billion. Following this capital increase, Hai An Green’s chartered capital is expected to rise from VND 1 trillion to VND 1.35 trillion. The ownership structure remains unchanged, with HAH holding 40% and the remaining 60% owned by Container Vietnam (Viconship, HOSE: VSC).
Established in August 2025, Hai An Green is a joint venture between a ship operator and a port system owner. From its inception, the company has been focused on investing in newbuilds and acquiring second-hand container vessels to gradually expand its long-haul international shipping routes.
This plan was swiftly executed. In early November 2025, the joint venture between HAH and Viconship signed contracts with China Shipbuilding Trading Co., Ltd and Dalian Shipbuilding Industry Co., Ltd to build two 7,100 TEU container ships. Each vessel is priced at approximately USD 87 million, with delivery scheduled for June and September 2028.
Signing ceremony for the newbuild contracts between Hai An Green and its Chinese partners in November 2025 – Image: HAH
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Alongside newbuilds, starting in 2026, Hai An Green plans to acquire second-hand container vessels to generate earlier and more stable cash flow during the period before the new fleet enters operation.
This latest capital increase by HAH is seen as a strategic move to secure funding for this objective. According to HAH Chairman Vu Thanh Hai, the additional capital will support Hai An Green’s operations in 2026, particularly for acquiring second-hand vessels.
Prior to entering the 7,100 TEU segment, HAH signed contracts in May 2025 for two 3,000 TEU container newbuilds. Within just six months, the company advanced to the medium-sized international vessel category, aligning with standards for long-haul routes.
Currently, HAH manages a fleet of 18 vessels, combining self-operation and leasing to maintain flexibility in response to market fluctuations.
These investment decisions come amid a global uptrend in container freight rates in late 2025. Drewry’s World Container Index (WCI) recorded a fourth consecutive weekly increase, reflecting stable demand across key trade routes as the market enters its year-end peak season.
Asia-Europe routes remain the primary driver, while Trans-Pacific routes show signs of slowing after a previous surge. Drewry notes that December has historically seen double-digit monthly demand growth in recent years, establishing a new norm for year-end shipping dynamics.
The container vessel charter market also closed 2025 on a positive note. High demand, limited vessel availability, and stable charter rates persisted. According to Alphaliner, the number of idle container vessels globally remains at a very low level.
However, 2026’s outlook includes uncertainties. Continued delivery of new vessels may lead to long-term oversupply, though short-term disruptions in shipping routes and geopolitical factors are currently absorbing fleet capacity.
The partnership between HAH and Viconship extends beyond joint shipbuilding. HAH’s existing port capacity handles 5-6 vessel calls weekly, while its expanded international routes require 8-9 calls. Viconship’s 2km-long port system bridges this infrastructure gap.
In practice, excess capacity beyond HAH’s handling ability is redirected to Viconship’s Nam Hai Dinh Vu Port. This synergy between fleet and port infrastructure is a cornerstone of the company’s international expansion strategy.
Additionally, Viconship-related shareholders have recently increased their stake in Hai An to nearly 24%, further strengthening the partnership between the two entities.
– 13:30 08/01/2026
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“Hải An Shipping CEO: ‘HAH Freight Rates Consistently Remain the Highest in the Market’”
At Hải An, our leadership proudly affirms that our freight rates consistently rank among the highest in the market. This distinction is a direct result of our extensive fleet of modern, state-of-the-art vessels, coupled with a streamlined, end-to-end supply chain that ensures unparalleled efficiency and reliability.
