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
20 ft refrigerated shipping container
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
Low freight volume, debts sinking VN shipping firms
VietNamNet Bridge - Vietnamese shipping firms have been losing their domestic market share to foreigners. Many shipping firms have been repeatedly reporting losses Vosco, one of the largest Vietnamese shipping firms, has been repeatedly reporting losses since 2012, though its revenue has been higher than VND1 trillion a year. 2014 was the only year when it reported profits, but the profit came from ship sales, not from services. Vosco’s latest financial report showed that in the first nine months of 2017, it took a loss of VND231 billion. The firm’s management board blamed the lower freight volume and higher costs on bad business results. As the ship supply continued to increase, the low rates for freight remained. And the price of fuel, a high proportion of operation costs, increased significantly. Vinaship has been engulfed with prolonged debts. In 2017, the shipping firm collected VND600 billion in revenue, but incurred a loss of VND80 billion. As Vinaship … [Read more...] about Low freight volume, debts sinking VN shipping firms
PM Nguyen Xuan Phuc joins inauguration of Japan- Chu Lai shipping line
Vietnamese Prime Minister Nguyen Xuan Phuc and leaders of ministries, agencies and Quang Nam province attended in the ceremony. The APL brand is one of the world’s largest container shipping lines under the French group CMA with a global network. The first shipment imported consignment of car accessories from Hiroshima – Japan in order to meet the production progress of Thaco- Mazda Manufactory. The first container ship carrying car accessories of Mazda, equipment and machines is to serve car manufacture and assembly of Thaco- Mazda Factory and the Chu Lai-Truong Hai Auto Mechanical Industrial Park. Thaco also held an opening ceremony of Thaco-Mazda Manufactory this morning. BY ANH PHUONG- Translated by Huyen Huong Tags: PM Nguyen Xuan Phuc joins inauguration of Japan- Chu Lai shipping line … [Read more...] about PM Nguyen Xuan Phuc joins inauguration of Japan- Chu Lai shipping line