Maersk launches direct shipment service to U.S. By Dinh Dung - The Saigon Times Daily HCMC - Maersk Line, a Danish container shipping company, launches its new direct service between Vietnam's southern region and the U.S. West Coast on Thursday, using a ship measuring nearly 400 meters in length. As scheduled, the post-Panamax class vessel, together with 13 sister ships, will leave Vung Tau every Wednesday and will arrive at Los Angeles, California in the U.S. on Sunday after sailing for 18 days. Peter Smidt-Nielsen, general director of Maersk Line in Vietnam, said: "This is a fantastic day for us. We have worked intensively for more than a year to meet our customers' demand for a direct call to the U.S. West Coast, and the challenge has been to ensure safety and security when entering the Cai Mep-Thi Vai River, considering the size of the vessel and draft limitations." Nielsen told reporters on Tuesday that the trans-Pacific cargo ships would transport many Vietnamese goods to the … [Read more...] about Maersk launches direct shipment service to U.S.
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Maersk Line launches direct service between BR-VT and U.S. East Coast Le Anh By Le Anh - The Saigon Times Daily HCMC – Maersk Line launched a direct service connecting Vietnam’s southern coast province of Ba Ria-Vung Tau and the East Coast of the United States late last week. Arthur Maersk was the first container ship that docked at the Tan Cang-Cai Mep port of Saigon Newport Corporation (SNP) last Friday. Cargo can now be directly shipped from Vietnam to Newark, Charleston, Savannah and Miami in the U.S., thus cutting shipment time between Vietnam and the U.S. East Coast. For instance, it will take 25 days to carry goods from Vietnam to Newark, down from 28 days, 28 days to Charleston, 29 days to Savannah, and 32 days to Miami. According to Maersk Line in Vietnam, two-way trade between Vietnam and the U.S. has grown strongly since the two nations normalized diplomatic ties two decades ago. Export and import volumes of containerized cargo have grown at double-digit … [Read more...] about Maersk Line launches direct service between BR-VT and U.S. East Coast
To Stand Well On Top Of Investment World By Trung Chau Ba Ria-Vung Tau Province in the first half of this year continued to show its leading position in investment attraction. This year it has drawn more interest into the retail sector. In June, Ba Ria-Vung Tau Province Industrial Zone Authority (BIZA) granted the investment certificate for India’s Essar Vietnam Steel Processing Co. to invest into a US$16-million steel plant covering 30,696 square meters in My Xuan A1 Industrial Park. Ravindra Nath Gupta, the company’s general director, said that when put into operation in 2012, it will process 100,000 tons of steel a year. Confirming leading position This was one of the five foreign direct investment (FDI) projects lisenced in the province in June. They made Ba Ria-Vung Tau the leading position in FDI attraction in the first six months with the investment capital of over US$2.46 billion from both fresh and operational projects. As of June 2010, the province was home to … [Read more...] about To Stand Well On Top Of Investment World
Maersk Line, a major sea transport unit of the A.P. Moller - Maersk Group, has announced its plan to increase its container transport business in Vietnam. The plan was based on its business growth and increased market share in the country. Paul Hoogwaerts, the general director of the Maersk limited liability company in Vietnam, said Maersk Line was optimistic about Vietnam's market, especially about exporting textiles and garments, footwear, wooden products and coffee as the country was now a member of the WTO. At present, Maersk Line undertakes 8 shipments per week at 5 major Vietnamese sea ports and takes the lead in transporting Vietnamese products to Europe and across the Pacific Ocean. Maersk has been operating in Vietnam for more than a decade with 5 representative offices in major cities including 2 newly opened ones in Quy Nhon and Danang city. Maersk was one of the first large foreign corporations to enter the Vietnamese market more than a decade ago, when the … [Read more...] about Maersk increases sea transportation in Vietnam
Vietnam, Japan research genetically modified cassava Vietnamese and Japanese scientists will conduct joint research into gene transplants designed to increase the starch synthesis capacity of cassava varieties. A document to this effect was signed in Japan's Yokohama City on May 22 by representatives of the Japan Institute of Physical and Chemical Research (Riken) and the Vietnam Institute of Agricultural Genetics (IAG). Riken Directorate Board Member Kenji Oeda affirmed Vietnam's importance as a Southeast Asian partner, and joint research between the two countries will deliver benefits to the region and its agricultural issues in particular. IAG Director Le Huy Ham said cassava is an important biological material for Vietnam. It has become one of ten key export products, with value reaching US$1.2 billion in 2012. Professor Kazuo Shinzaki, head of the research team, said Vietnamese and Japanese scientists will collaborate in a laboratory in Vietnam. Deputy Prime Minister Nguyen Thien … [Read more...] about BUSINESS IN BRIEF 25/5