Vietnam's biggest port opens
Vietnam's Ministry of Transport yesterday opened the Cai Mep Thi Vai International Port in the southern province of Ba Ria Vung Tau, the country's deepest and biggest seaport, which is designed to meet the increasing demand of container shipping in the south, reported The Nation.
The US$624.4 million project will also open direct shipping channels with other domestic and international ports worldwide, cutting the intermediate and transit shipping costs.
"The project will also help increase the social economic development of Ba Ria Vung Tau in particular and the southern region in general while saving other ports in the south from overload burdens," said Deputy Prime Minister Hoang Trung Hai.
Hai said the port, which marks 40 years of relationship between Vietnam and Japan, will also act as a shipping hub connecting countries in the Mekong region.
He told the port's management board to fully ultilise the ports and operate them safely.
According to Transport Vice Minister Nguyen Van Cong, with direct channels and access roads, the port will play an important role in attracting foreign direct investment (FDI) to the region as well as international maritime "forwarders from the US, Denmark, Singapore, Japan and Hong Kong".
Cong said the project has built an international gateway, which is capable of exporting Vietnamese goods directly to European and North American ports without the need to stop at international transit terminals in the region.
"This will enhance the competitiveness of Vietnam exports while consolidating the position of Vietnam in world maritime transport," Cong added.
The project, managed by the Ministry of Transport's Project Management Unit 85 (PMU85), consists of seven contract packages including four civil works packages, two equipment procurement packages and one supervision consulting service package.
Meanwhile, the three most important packages of the project are the Cai Mep Container Port, the Thi Vai general goods port, and bridges and roads connecting National Highway 51 to the two ports.
The container port package includes two berths with a total length of 600m, which can accommodate 130,000-DWT vessels, and other facilities which will provide navigational capacity of 700,000 TEUs per year.
Meanwhile, the general cargo port has two berths which can serve 50,000-tonne vessels.
It also has other facilities that have a loading and unloading capacity of 1.6 million-2 million tonnes per year.
The bridges and roads package includes an 8.5km road section and four lanes that allow vehicles to run at a maximum speed of 80 km per hour.
Approved by the government in 2004, the project was completed with the participation of a number of Japan contractors including Toa-Toyo, Penta-Rinkai, Penta-Toyo and IHI-MES and two domestic contractors including Cienco6-Truong Son and Maritime Safety Corporation. In addition, Japanese JPC-Nippon Koei was the major supervisor of the project.
According to the Vietnam Port Association, Vietnam has 30 ports with 166 harbours and 350 wharfs. Of these, only some that were rendered operational after 2006 are equipped with state-of-the-art loading and unloading facilities. This shortage has reduced loading capacity in Vietnam to only 50 per cent compared to advanced ports in other countries in the Asian region.
The Vietnamese logistics industry has attracted a number of foreign investors and there are currently close to 1,000 companies that have been established in the country.
Meanwhile, Vietnamese companies are only able to supply simple logistic services. About 70 per cent of the market share is captured by foreign companies, hence logistic services contribute little to the country's GDP.
The association says that Vietnamese logistic services have not yet fulfilled their potential. More than 90 per cent of imported and exported commodities are transported via the sea and it is predicted that around 600 million tonnes of goods will be transported this way by 2015 and around 1,100 million tonnes by 2020.
Total container-handling capacity is estimated to be as much as 15.2 million TEUs by 2015, and 29.2 million TEUs by 2020.
Source: Cargonews Asia â€“ 29 January 2013
▪ Temporarily stop posting shipping news on Vietfracht website from September 01, 2013
▪ Shipping accidents up on higher traffic, worse weather
▪ Ships - our flexible friends
▪ Maritime Labour Convention 2006: Latest ratifications
▪ Pirates of the Southeast Asian Seas
▪ Lessening the burden of abandonment
▪ Changing Share of Coal Exporters to Asia
▪ (Watchkeeper) Professionalism the key to MLC success
▪ New Maritime Labour Convention: new golden era or false dawn?
▪ Global shipping industry sets sail under new standard
▪ Is methanol the future of maritime fuels?
▪ Watchkeeper - Time to speak about language
▪ Response to UK ratification of the Maritime Labour Convention
▪ Lloydâ€™s Register presents first Superintendent training program certificate
▪ Shipowners still looking for deals in newbuilding market
▪ Shipowners face expensive new regime over ballast water management
▪ Sea monsters - the world's biggest ships
▪ IBIA Hong Kong convention focuses on Asian growth
▪ Watchkeeper - What is an acceptable risk?
▪ Maguchi eyes investment opportunities in Binh Dinh
Jakarta port moves to ease congestion
▪ DHL launches India-Shanghai LCL service
▪ WATCHKEEPER - A TALE OF TWO TRANSPORT MODES
▪ BIMCO AND WORLD CUSTOMS' ORGANISATION STRENGTHENS TIES
▪ MOL launches iron ore carrier
▪ IMO circulars on radio communication and sludge tanks
▪ IMO - requirements for speed and log
▪ Westports IPO to benefit shareholders
▪ China lines drop Iran as US sanctions bite
▪ Shipping capacity growth breaks below 7%, first time since 2009
▪ Somalia in Talks With EU to Improve Maritime Security, Economy
▪ Vanguard adds Hanoi, Haiphong offices to network
▪ SINGAPORE: BUNKER SUPPLIERS FACTSHEETS
▪ Dry bulk fleet ship orders wonâ€™t be built in 2013
▪ Setting Port Priorities
▪ THE HUMAN COST OF PIRACY REMAINS HIGH
▪ Box throughput continues to rise at China ports
▪ MOL ship breaks up and drifts in Indian Ocean
▪ LNG Ship Rates Seen Unprofitable on Shorter Voyages, New Vessels
▪ Iron-Ore Ship Rates Gain Most in a Month as Fleet Growth Slows
▪ Coal trade saves the dry bulk market
▪ China firm to build Panama alternative
▪ EU NAVFOR DISRUPTS SOMALI PIRATE HIJACK OPERATION
▪ India Receives Its Largest Container Ship Call
▪ Canada's Biggest Ro-Ro Ship Launched in Germany
▪ Project Researches LNG Use in Canadaâ€™s Maritime Sector
▪ PROTECT YOURSELF AGAINST ATTACKS IN GULF OF GUINEA!
▪ WATCHKEEPER: THE ENVIRONMENT AND â€œMAKING A DIFFERENCEâ€
▪ DHL to invest $181m to boost Southeast Asia supply chain
▪ World Container Trade Fell in April
▪ Bigger is better for shipping sector
▪ Baltic index dragged down by weak panamax rates
▪ IMO Marine Environment Protection Committee includes Ro-Ro ships in the EEDI
▪ Baltic Exchange woos brokers with stock to up ship futures trade
▪ Yusen Logistics Expands Trans-Pacific LCL Services
▪ A costly lack of control
▪ IMO update and reminders
▪ China to invest more in Greek shipping
▪ MSC Belgium Introduces More Secure Container Release System
▪ Maersk Line decides to double rates from July 1
▪ Logwin upgrades Vietnam facilities
▪ Baltic Index Has Biggest Weekly Drop in Six as Ship Demand Slows
▪ Panamax coal freight rates to India pressured by oversupply of vessels
▪ Grain-Carrier Ship Rates Slide a 14th Day as Demand Seen Slowing
▪ LNG as bunker fuel only seen as long-term solution for shipping: Lloydâ€™s Register
▪ China Shipping orders five 18,400 TEU vessels
▪ Container tracking on the rise
▪ WTI Crude Falls a Second Day on Dollar Rally
▪ Large new builds prices rise higher in 2013, positive trend for shipping
▪ CARGO ALERT - BAGGED RICE CARGOES FROM THAILAND
▪ MOL to launch new Asia-Mexico service
▪ APL Changes Asia-North America Service
▪ ZIM adding Norfolk to Pacific service
▪ Container Ship Scrapping Heads for Record
▪ Kobe's Foreign Container Trade Dips
▪ Global container trade growth for 2013 revised down as market mood darkens
▪ Shipping should explore leasing solutions
▪ Singapore bunker suppliers conclude May ex-wharf term premiums at $5-7/mt
▪ Dimerco to launch new LTL service
▪ Container weighing - compression or tension?
▪ CSCL to order five 18,000-TEU ships from South Korea for Asia-Europe
▪ Evergreen Christens New 8,452-TEU Vessel
▪ MOL Expands Service to Kobe
▪ APL to Raise Intra-Asia Rates in April
▪ Singapore to simplify trade network
▪ Mitsui to buy Latvian port facilities operator
▪ US Ports Tighten Security After Boston Bombing
▪ BIMCO DISCUSSES FACILITATION OF MARITIME TRADE IN IMO
▪ 2013 VESSEL GENERAL PERMIT (VGP)
▪ U.S. Lines to Increase Asia-North America Rates
▪ MSC to Launch Asia-South America Service
▪ London P&I Club warns on bagged rice
▪ Cyprus: Shipping registry not affected by bank crisis
▪ Watchkeeper: Big ships- big salvage problems
▪ CMA CGM opens Baghdad dry port
▪ DP World posts record gain, 2012 net profit up 10pc, sales rise 5pc
▪ WHEN THE GPS GOES DOWNâ€¦
▪ Baltic Dry Index Rises a Fourth Week on South American Grains
▪ Is there a list of solid bulk cargoes that are â€œharmful to the marine environmentâ€?
▪ Top container maker sees profit dive by 48%
▪ IMSBC CODE CIRCULAR ON EXEMPTION OF CO2 FITTINGS FOR SOLID BULK CARGOES
▪ Maersk expects 11% capacity rise in 2013
▪ Pirates Release Chemical Tanker, Crew
▪ China exports much stronger than expected
▪ Containerships Opens Office in Ukraine
▪ Alphaliner: Record Ship Deliveries Scheduled This Year
▪ Mitsui bags contract for Jakarta port project
▪ Oil-Tanker Hire Costs Slide for Third Session as Demand Slows
▪ Poor 2012 first quarter drags NOL to $400M loss
▪ Cargo ship sinks off Japan
▪ Maersk Line recovery lifts profit of group
▪ Shippers brace for rate hike
▪ ISPS CHARGES AT ABIDJAN
▪ WATCHKEEPER: LNG FUEL COMING OF AGE?
▪ Hamburg down 1% in 2012
▪ China Navigation Launches First S-Class Vessel
▪ Dubai port sets 100 million box record
▪ Suez Canal to raise fees from May
▪ Panamax coal freight rates weaker as grain activity slows
▪ BAD CONTRACTS MAKE BAD BUSINESS
▪ Cosco expects large 2012 loss
▪ Bulk-Ship Fleet Seen Expanding at Double the Pace of Demand
▪ China shipbuilding industry continues to drop this Year
▪ WATCHKEEPER: LEADERS ARE NOT BORN!
▪ 2013: The "Year of the Black Water Snake"
▪ Container cargo at Busan Port rises to record high
▪ Container Volume Slips 0.3 Percent at Antwerp
▪ PIRACY FALLS IN 2012, BUT SEAS OFF EAST AND WEST AFRICA REMAIN DANGEROUS
▪ Global Coal prices may remain low if Chinese coal production rises: Barclays
▪ Lloydâ€™s Register discovers means to improve the containers
▪ CMA CGM cuts sailings due to Chinese Lunar New Year
▪ Philippines' future as hub brightens further
▪ Port of Rotterdam bulk volumes decline
▪ Kerry sets up new joint venture in Vietnam
▪ Dragonair to launch Da Nang service
▪ MOL President Urges Cost Cuts
▪ Yang Ming to Charter Mega-Ships From Seaspan
▪ WATCHKEEPER: THE CASE FOR TRAINING SHIPS
▪ CMA CGM Plans Two Rounds of India, Pakistan Rate Hikes
▪ NATO Shipping Centre Warns of Piracy Activity in Mideast
▪ FEATURE: GATHER YOUR GOOD NEWS WHERE YOU MAY
▪ FEATURE: MLC â€œPAPER TIGERâ€ FEARS