No more delays to HCMC 'super' port construction: experts
The construction of the $5.5 billion Can Gio “super” port in Ho Chi Minh City should not be delayed now that MSC, the world's leading shipping company, has proposed to invest in the mega project, said experts.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam logistics businesses can develop niche strengths: VietAviation CEO
Although FDI enterprises account for a large slice of Vietnam’s “logistics cake,” domestic companies are holding their own in the currently volatile economic situation. There are niche activities that give domestic firms their strength, said Duong Quang Duy, CEO of VietAviation Logistics Co., Ltd.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam seaport, shipping firms expected to enjoy good profits in 2024
A potential recovery of Vietnam's export activities in 2024 and a sharp increase in shipping rates due to Red Sea tensions are expected to help domestic seaport and shipping firms see good profits after a gloomy year.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam shipping, seaport stocks skyrocket
Tickers of Vietnamese shipping and seaport firms have surged 17-32% over the past month, driving a 6.4% gain on Vietnam’s benchmark VN-Index thanks to a brighter outlook for trade and freight and charter rates unlikely to fall further.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea, Germany-invested food courier Baemin to leave Vietnam after 4 years
Baemin Vietnam, a food courier jointly invested by South Korea’s Woowa Brothers and Germany’s Delivery Hero, will stop operating in Vietnam from December 8, the firm announced on Friday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danang welcomes first container ship connecting central Vietnam to US Oakland
Tien Sa seaport in Danang city welcomed WanHai 362 shipping route on Tuesday, the first container shipping route connecting central Vietnam to Long Beach, Oakland, the U.S., without transit via any mothership.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam shipping firm Hai An plans to issue $21 mln in bonds
Vietnam’s Hai An Transport and Stevedoring JSC plans to issue a maximum of VND500 billion ($21.3 million) of private placement bonds from 2023-2024.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major shipping firms report mixed Q1 profit results
Shipping major PVTrans reported a profit increase of 24% year-on-year from January-March, while its peers VIMC, Gemadept and Viconship posted drops of 42%, 20% and 61%, respectively.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Container line Hapag-Lloyd introduces new service in Vietnam, Southeast Asia
Hapag-Lloyd, a global leader in container shipping, has launched a new service with flexible port coverage in Southeast Asia, connecting Vietnam, Malaysia, and Indonesia.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
GAC inaugurates Vietnam office to tap ‘emerging energy tiger’
Global shipping and logistics provider GAC Group has launched its first office in Vietnam as part of the company’s continued expansion in Southeast Asia and the Asia-Pacific region.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Israeli marine carrier ZIM expands shipping services in Vietnam
Israel's ZIM Integrated Shipping Services Ltd. and Vietnam’s Hai An Transport and Stevedoring JSC announced Friday the launch of Lotus Link, their joint venture to operate domestic shipping services in Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Gloomy profit outlook for logistics firms: top broker SSI
Vietnamese container shipping and logistics companies expect a gloomy profit outlook this year due to weak demand and increased supply, said Saigon Securities Inc.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chan May seaport in central Vietnam launches container route
Chan May port in the central province of Thua Thien-Hue launched a container route Sunday by welcoming a 1,577-TEU ship on the biweekly Hai Phong-Chan May-Ho Chi Minh City route.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Shipping companies earn huge profit
Many shipping companies in Vietnam posted nine-month profit exceeding the whole year plan in the context of high transportation demand and freight rates.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Cai Mep Terminal receives first Evergreen mothership
The Cai Mep International Terminal (CMIT) in the southern province of Ba Ria-Vung Tau welcomed Wednesday the 150,709 DWT Tampa-Triumph, an Evergreen mothership.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legislator pushes for private-sector role in railway development
The government should prioritize participation of the domestic private sector in modernizing the country’s railway industry, National Assembly member Hoang Van Cuong said Thursday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Maersk opens fixed container shipping route to Ha Long
Danish shipping giant Maersk opened a fixed route connecting Vietnam and China via Cai Lan international container terminal (CICT Cai Lan) in Ha Long town of Quang Ninh province on Wednesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
New container route links Ho Chi Minh City, Asia ports
Korean shipping lines HMM, SM Line, and Pan Ocean have launched the first container service under K-Alliance connecting South Korea, China, Vietnam, and Thailand.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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