The SSIT port in Cai Mep welcomed its first container vessel on June 14. The MV MSC Rosaria is owned and operated by MSC Geneva, one of the world’s largest shipping lines. MSC will make regular calls at SSIT in the future. The joint-venture port’s management celebrated the occasion with the MSC Rosaria’s captain SSIT is a joint-venture port. SSA Marine, headquartered in the US, owns 50 per cent of the facility. Saigon Port controls 39 per cent and Vinalines Hanoi holds the remaining 11 per cent. SSIT was built to handle the largest container vessels in the world. These so-called Ultra-Large Container Vessels can carry up to 20,000 twenty-foot equivalent units (TEU) with a deadweight capacity of almost 200,000 tonnes. SSIT is a deep-water facility with a 16.5m draft alongside the berth. The terminal is equipped with the largest container shore cranes in Vietnam. The overall operational berth length exceeds 1km, of which 425m are dedicated to barge operations. … [Read more...] about First container vessel received at the SSIT Port
Largest container ship
1st container vessel berths at SSIT
SP-SSA International Terminal (SSIT) in Cai Mep welcomed its first container vessel on Thursday. MV MSC Rosaria is owned and operated by MSC Geneva, one of the world’s largest shipping lines, and will make regular port calls at SSIT in future. SSIT is a joint venture port, with SSA Marine, with headquarters in Seattle, the US, being a 50 per cent owner of the facility. Saigon Port controls 39 per cent and Vinalines Hanoi accounts for 11 per cent. The port was purpose built to handle the largest container vessels in the world. These so called ultra large container vessels can carry up to 20,000 TEU with a deadweight capacity of almost 200,000 tonnes. SSIT is a deep-water facility with a 16.5 m draft alongside the berth. The terminal is equipped with the largest container shore cranes in Viet Nam. The overall operational berth length exceeds 1km of which 425 meters are dedicated to barge operations. The port’s land area totals 60 hectares. The container handling capacity of … [Read more...] about 1st container vessel berths at SSIT
Hai Phong port welcomes largest ever container ship
Singaporean-flag X-Pree Feeder container ship has become the largest ship of its kind to dock at Tan Vu Port. The ship, which is 210.96 meters in length and 32.2 meters in width, has a deadweight tonnage of 32,161. The vessel left China’s Hong Kong port for the Port of Hai Phong JSC’s Tan Vu Port to offload cargo on April 16 and will leave the port at 0:30 am on April 17. According to Cao Trung Ngoan, Deputy Director of the Port of Hai Phong JSC, the arrival of X-Pree Feeder is a landmark for Hai Phong Port as it proves the port’s capacity and affirms the significance of investment to modernize the port. The company has fulfilled its plan to develop Tan Vu Port into the largest and most modern container port in the Northern region, he added, expressing his hope that relevant authorities will take more actions to ensure the safe reception of cargo ships as well as comprehensive development of port businesses. Source: VNA … [Read more...] about Hai Phong port welcomes largest ever container ship
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