The Viet Nam Maritime Administration has requested that associations, seaport companies and shipping companies be exempted or allowed to pay reduced service fees for containers stored at seaports for a long time.— Photo tapchitaichinh.vn The Viet Nam Maritime Administration has requested that associations, seaport companies and shipping companies be exempted or allowed to pay reduced service fees for containers stored at seaports for a long time. The proposal was laid out in document No 646/CHHVN-VTDVHH, issued on March 7 to create favourable conditions for the owners of the containers to release the goods stored at seaports. The administration, under the Ministry of Transport, also proposed container owners and associations of industries such as the paper association, plastic association and steel association co-ordinate with shipping agents and seaport companies to review which containers will get fee exemptions or reductions. Relevant agencies would then fix exemptions and … [Read more...] about State to explore fee cuts for shipping companies
20 ft refrigerated shipping container
Fierce competition in shipping industry predicted for 2019
Vu Dang Duong, chief of the team of translators of the book, said the difficulties faced by big and small shipping firms kicked off an M&A movement. The decision by shipping lines to consolidate alliances was a way for them to cope with uncertainties in the near future. More M&A deals will be made in the time to come, but the M&A wave is entering the final stage and there will not be big deals. Shipping lines will intensify the use of high technology to cut costs and the labor force. Jensen believes that marine transport will see big changes in the way it is operating. Dung said the changes will affect Vietnam’s shipping industry and container port exploiters in key economic zones, as well as over 3,000 logistics firms. Nguyen Xuan Vinh, CEO of Maritime Connections, believes that in 2019 and upcoming years, marine container transport will continue to develop, creating cutthroat competition among large shipping firms in the world. Shipping firms will have … [Read more...] about Fierce competition in shipping industry predicted for 2019
Ship carrying chemicals sinks in the Dong Nai river
The owner of the ship says all the chemicals that were onboard have been brought to shore. Dozens of blue tanks were salvaged in the aftermath of the incident. The label indicates that the chemical, hydrochloric acid, is produced at Bien Hoa Chemical Plant Nguyen Van Be, 43, the owner of the vessel says he received 20 chemical tanks which contained 26 tons of hydrochloric acid from Bien Hoa Chemical Plant on November 18. The ship collided with rocks under the river due to a low tide, causing holes at the bottom of the vessel. Water quickly flooded the ship causing it to be submerged. Mr Be said all the chemical tanks were sealed, so there is no leakage of any chemicals. A representative from the Dong Nai Department of Natural Resources and Environment said there has been no environmental incident caused relating to the ship. The owner of the ship says all the chemicals that were onboard have been brought to shore. Dozens of blue tanks were salvaged in the aftermath … [Read more...] about Ship carrying chemicals sinks in the Dong Nai river
Banned goods found in containers at major ports
Hundreds of used home electronics banned from import found in containers at Cat Lai Port in HCM City. (Photo: VNA) HCM City (VNA) - Evidence of smuggling has been uncovered at two major ports in Ho Chi Minh City, with prohibited goods found in several containers left unclaimed during the past month. A container of 95 air conditioners, 279 used bicycles missing several parts and three motorbikes was discovered by customs officials at the Sai Gon Port’s Area 1 at the beginning of April, the Hai Quan (Customs) newspaper reported. They are all goods banned from import. Prior to that, a container of 271 used air conditioners and 26 used refrigerators worth some 1.7 billion VND (74,600 USD) was discovered at Cat Lai Port. It was addressed to HTP Import-Export Trading Company Ltd located in the northern province of Bac Ninh, but the company refused to claim the goods because they “never ordered” them. However, investigations from customs officials showed … [Read more...] about Banned goods found in containers at major ports
Shipping firms still lag behind in domestic transport market
VietNamNet Bridge - Half a decade has elapsed since the Ministry of Transport (MOT) opened up the domestic transport market, worth $50 million a year, to only Vietnamese enterprises. Shipping agents are still facing difficulties In an effort to help Vietnamese container shipping firms overcome difficulties in the period after the 2008 financial crisis, MOT in 2013 stopped granting licenses to ships with foreign flags to carry containers on domestic routes. The move was very helpful. In 2012, the Vietnamese fleet held 58 percent of domestic market share. In 2013, the figure rose to 80 percent after the move, and in 2014, it was 95 percent. In late 2014, Vinamarine asked MOT not to resume licensing to foreign firms to carry containers on domestic routes. Since 2015, the Vietnamese fleet has been undertaking 100 percent of the transportation of goods in the domestic market. Though the market is controlled by Vietnamese shipping firms, an increase in freight has not … [Read more...] about Shipping firms still lag behind in domestic transport market