“Vietnam is a focus market due to its role as a manufacturing and sourcing base.” During his first visit to Vietnam last week, A.P. Moller-Maersk Group chief executive officer Nils Smedegaard Andersen told VIR about the group’s strong commitment to Vietnam’s growth and development of the country’s shipping industry. What are Maersk’s current commitments in [...]
Foreign shipping firms are imposing surcharges to cover container security, workers’ strikes, and container imbalance on exporters and importers. Instead of simplifying procedures to cut fees, they have tended to slap more and bigger fees and surcharges. Huong, who works for the import-export department at a HCM City-based garment firm, told Tuoi Tre newspaper that [...]
A number of foreign shipping firms are in the firing line for their alleged-monopolised shipping-related service charges. The Ministry of Finance (MoF) has just proposed the government to establish a taskforce to work with a number of foreign shipping firms, including Vietnam-based agencies, on their service charges, which were said to be hurting local importers. [...]
Vietnam’s most important sea route from the Cai Mep-Thi Vai port complex in the southern province of Ba Ria-Vung Tau to buoy zero opened to traffic on Mar. 2. The route with a length of 49km, a width of 250m-480m and a depth of 12m-14m is now available for ships of up to 80,000 DWT. [...]
Foreign shipping lines have been left at sea by unclear liquidation procedures for abandoned containers at Vietnam’s ports.Danish shipping logistics firm Maersk Vietnam told VIR that it had 48 abandoned containers at Haiphong and Ho Chi Minh City ports. “Retarded liquidation of goods has caused huge losses to us as we have to pay high [...]
The Ministry of Transport and the government’s Office Friday held a briefing on production and business operation of the state-run shipbuilding group, Vinashin. Tuoi Tre: Vinashin’s debts reportedly stood 76 trillion dong. The group’s debts are estimated no less than 53 trillion dong after Vinashin is restructured. Of the figure, how much Vinashin’s foreign debts [...]
Latest news on Vietnam Shipbuilding Industry Group (Vinashin) was announced at the press conference held on late November 19 by the Ministry of Transportation (MoT). One day ago on November 18, prime minister Nguyen Tan Dung signed a Decision No 2108/QD-TTg officially approving the restructuring plan for this group. Information from MoT showed that after [...]
Vietnam’s prime minister has ordered the restructuring of a troubled state-owned shipbuilding conglomerate that teetered on the edge of bankruptcy earlier this year. Prime Minister Nguyen Tan Dung officially approved the restructuring plan for Vietnam Shipbuilding Industry Group or Vinashin which aims to return the company to the basics of its mainstay shipbuilding business, according [...]
French shipping line CMA CGM’s container ship CMA CGM Otello departed the SP-PSA Port in Ba Ria-Vung Tau Province on Wednesday on its first direct route from Viet Nam to Northern Europe. It will operate on the company’s French-Asia Line 3 (FAL 3) route. The 8,488 TEU (20-foot equivalent unit), 334m vessel and nine sister [...]
Hanjin Shipping has started the first non-stop direct service from Vietnam to North Europe following its direct services from Vietnam to the US East and West Coast last year. The shipping line will be introducing the fastest qualified service connecting Vietnam and North Europe by adding Vung Tau to its current NE5 (Asia North Europe [...]
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