- Sector
- Transportation
- Industry
- Other transportation
- Address
- Quy Nhon Vietnam
- IPO Date
- Sep 23, 2016
- Business
- Quy Nhon New Port Joint Stock Company is a Vietnam-based maritime logistics and terminal operating enterprise primarily engaged in the provision of seaport operations, cargo handling, and marine transportation support services. The company provides an integrated suite of port infrastructure and logistics solutions organized into core business activities: Port and Terminal Operations, including container stevedoring, bulk and breakbulk cargo handling, container yard leasing, and vessel berthing facilities accommodating commercial cargo vessels up to 37,500 deadweight tonnage (DWT); Warehousing and Storage Solutions, comprising open-air container freight yards, bonded warehousing, dry storage facility rentals, cargo consolidation, and depot management; Maritime Support Services, featuring tugboat and towing assistance, vessel mooring, marine supply and provisioning, fresh water supply, and ship agency services; and Freight Forwarding and Logistics, offering multimodal transport, sea freight forwarding, domestic inland haulage, customs clearance brokerage, and import-export agency services. The company operates from facilities situated within Quy Nhon Bay along the East-West Economic Corridor, serving as a strategic maritime trade gateway for Vietnam's South Central Coast and Central Highlands regions, as well as cross-border freight routes into southern Laos and northeastern Cambodia. Founded in 2008 and listed on the UPCoM exchange under the ticker QSP, Quy Nhon New Port Joint Stock Company is headquartered in Quy Nhon City, Binh Dinh Province, Vietnam. In recent operational developments, the company has expanded its strategic coordination and joint facility exploitation with regional port partners, including Quy Nhon Port Joint Stock Company, to streamline vessel turnaround times and maximize terminal throughput. The company has also advanced smart logistics and green port modernization initiatives, investing in computerized port management systems, equipment upgrades, and process digitalization to improve cargo handling efficiency and reduce environmental impact, while maintaining regular cash dividend distributions to shareholders.