HO CHI
MINH CITY, Vietnam, Jun 13, 2012: Interview
with Trai Thien USA CEO Haley Manchester.
Q: What
are your plans to develop the Myanmar Business?
A: As
Myanmar continues to open up and the economy grows -- and especially as trade
between Myanmar and ASEAN grows as a result -- we believe there will be growing
demand for Trai Thien's services on routes to-and-from Myanmar. Myanmar remains
a prime opportunity for companies like ours that are already established in the
market in that area, and we look forward to expanding our business
relationships in Myanmar with the expectation of creating an early entry into
the market.
Q: What
trade routes in Asia are seeing the fastest growth?
A: In
our area of the shipping business, the Intra-ASEAN and China-ASEAN trade routes
are growing the fastest. It is our expectation that this trend will continue as
the demand to move input commodities continues to grow as a result from rising
domestic China needs. The current trend of increasing external investment made
by Chinese firms into the ASEAN satellite countries makes this entire region
prime for continued expansion.
Q: Is
the company in a position to service ASEAN, China, India, Japan and Korea?
A: Our
strategic plan is to employ the new 7,600 DWT vessels on both inter- and intra-
South Asia and East Asia routes as they become available in 2012-13. This will
make it possible for Trai Thien to service routes outside ASEAN and southern
China, and remove the constraints based on our current fleet.
Q: How
much expansion do you see for the company after ASEAN +3 in 2015?
A: Trai
Thien's enhanced fleet configuration with the 7,600 DWT vessels should position
it to benefit greatly from accelerated revenues and income generated as growing
trade trends put upward pricing pressure on rates. Additional investments in
our expanded fleet based on our business model can greatly expand operations
and increase revenues.
Q: Has
ASEAN increased trade so far?
A: We
estimate ASEAN trade to be growing at a rate approximately two percent (2%)
higher than the average annual aggregate regional GDP of the underlying
countries.
Q: TRTH
currently has a fleet of six, how many ships will be on the water in 2015?
A: TRTH's
fleet development objective is to incorporate all six new 7,600 DWT vessels
into the fleet by 2013. At that time, we also plan to discontinue leases on the
smallest, oldest and least profitable vessels, and anticipate, with funding,
adding six additional vessels, leaving the company with a fleet of 12 x 7,600
DWT and 2-3 4,000+ DWT vessels in 2015.
Safe
Harbor Statement: Under The Private Securities Litigation Reform Act of 1995:
Except for historical information contained herein, the statements in this news
release are forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which may cause a
company's actual results, performance and achievement in the future to differ
materially from forecasted results, performance, and achievement. These risks
and uncertainties are described in the Company's periodic filings with the
Securities and Exchange Commission. The Company undertakes no obligation to
publicly release the results of any revisions to these forward-looking
statements that may be made to reflect events or circumstances after the date
hereof, or to reflect the occurrence of unanticipated events or changes in the
Company's plans or expectation.
This
news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Trai Thien USA Inc.
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