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Port dev/operations

Saigon Port IPO grosses nearly US$19 million

Saigon Port Company Limited sold out 35.71 million shares bringing VND411.13 billion (US$18.83 million) in its initial public offering organized at the Ho Chi Minh City Stock Exchange on Tuesday. The sold shares account for 16.51 percent of the company’s chartered capital. Thirty nine investors attended the auction session, including …

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Ports intent on logistics

The southern province of Ba Ria-Vung Tau is striving to become an international logistics hub – manned by world-class logistics services centres. To realise the potential of its ports, Ba Ria-Vung Tau aims to become a world-class logistics hub Seated on international marine routes, Ba Ria-Vung Tau has favourable conditions …

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Southern Cai Mep port receives super freighter

China Shipping’s CSCL Star, a container vessel with loading capacity up to 160,000 tonnes, docked in southern Ba Ria-Vung Tau province’s Cai Mep International Terminal (CMIT) on October 29. The freighter – 366 metres long and more than 51 metres wide  can carry over 14,000 TEUs (a unit measuring …

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Maritime agency wants to downsize HCMC ports

The Vietnam Maritime Administration has expressed the intention to downsize ports in HCMC to divert ships to the underperforming Cai Mep-Thi Vai port complex in Ba Ria-Vung Tau Province. The administration will write to the Ministry of Transport proposing limiting cargo throughput at the city’s ports to help the Cai …

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