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News & Publications: Shipping
Vietnamese Logistics: A Breath of Fresh Air
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.

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OOCL Hikes Rates from Northeast Asia to Australia
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.

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

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First direct Vietnam-US container shipping service launched
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.

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Vietnam line to offload stake in port services firm
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.

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Vietnam's cargo shipping paradox
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.

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Canal project will open lower Mekong to mid-sized ships
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.

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Shipping taxes to be waived
All export-import express packages will be tax exempt from October 1. All exemptions are included in Government Decree 87/2010/ND-CP which regulates the prices at which the tax will apply, the exchange rate to calculate tax, tax payment schedules and tax exemptions and refunds.

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Shipping analyst raises growth forecast to 6%(
Based on its analysis of the shipping industry, Business Monitor International has boosted its economic growth forecast for Viet Nam this year from 4.4 per cent to 6 per cent and is predicting an annual average growth of 6.2 per cent over the next five years.

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New container line enters transpacific
Hainan P.O. Shipping Co. is planning a mid-August launch of a transpacific container liner service.

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