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Company Overview
Trai Thien USA Inc. (OTC BB: TRTH) is a fast-growing Vietnam-based dry bulk shipping company specializing in transporting raw materials such as coal, ore, steel, lumber and grain within Southeast Asia.
Fiscal 2009 revenues increased 116% and cargo utilization rate increased 42% over 2008 despite the continued global shipping downturn.
The Company currently operates a fleet of six owner-operated and term-leased geared vessels. Due to growing demand from an ever-expanding base of overseas and local Vietnamese customers, Trai Thien plans to aggressively acquire additional vessels and to expand the geographic regions that it services, including more profitable routes in East and South Asia.
Became profitable within first 6 months of operation. Revenue and income grew at a CAGR of 175% and 282%, respectively from 2007 to 2009.
Traithienusa.com ~
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