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News & Publications: Shipping
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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VN shipping lines make world top 100
AXS-Alphaliner, an information platform that calls itself a "worldwide reference in liner shipping", has ranked two Vietnamese shipping companies in the list of 100 leading container shipping lines in the world.

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