Gemadept Corporation on October 22 launched a new container liner service at Gemadept DungQuat International Port in the central province of Quang Ngai.

Gemadept Corporation launched a new container liner service at Gemadept Dung Quat International Port in the central province of Quang Ngai on October 22.

The fertiliser industry's production capacity is likely to surpass the country's domestic demand by 1.7-2 million tonnes per year from 2010 to 2015, reported the Ministry of Agriculture and Rural Development.

In recent years, along with economic development and the growth of export and import activities and investments, logistics services in Vietnam have made great strides, especially after Vietnam began, under WTO commitments, officially opening this market to foreigners from January 1, 2009. With average annual revenue growth of 20 percent, logistics has become a promising service sector in Vietnam.

Oct. 15 increase of $250 per TEU follows Oct. 1 increase of $300 per TEU. OOCL plans to increase freight rates for traffic from Northeast Asia (China, Hong Kong, Taiwan and Korea) to Australia on Oct. 15.

Nam Trieu Shipbuilding Industry delivered a 6,800-tonne vessel to Nam Trieu Marine Service Company on Sunday in northern Hai Phong City.

The first container ship of Chile-based CSAV Norasia shipping line has arrived at Tan Cang-Cai Mep port in the southern province of Ba Ria-Vung Tau to carry cargoes directly from Vietnam to the US.

Vietnam National Shipping Lines (Vinalines) plans to sell its 21.8 percent stake in Vietnam Container Shipping JSC, a provider of marine port services within the next three months, according to Vietnam News Brief Service.

As the exporter of some essential products and a big importer of many materials and equipment, maritime transport is crucial to Vietnam's economy but 80 percent of its import-export goods are shipped by foreign vessels.

Sandbars at the lower mouth of the Mekong river prevent ships over 5000 tons from reaching Can Tho and other Delta ports. That will change by 2013, when a $300 million project to widen and deepen 40 kilometers of canals is completed, permitting 20,000 ton vessels to ascend the river.