Vietnam demanded Tanzania immediately release the Vietnamese cargo ship seized at the Tanzanian port of Dar es Salaam since late July this year, along with its 12-men crew, the state news agency said Nov.14.
Denmark's Man B&W Corporation inked a contract Nov. 8 with the Vietnam Ship Industries Corporation (Vinashin) to transfer its technology for the manufacturing of high-powered ship engines to Vietnam.
Poor infrastructure and obsolete equipment at domestic ports are the primary reasons for the high cost of transporting commodities on Vietnamese ships, according to the Navigation Department.
Vietnam could make hefty cuts in shipping fees to increase competitiveness of its ports, which have been priced out of the regional market for too long.
For the first time in Vietnam, three state-owned banks have joined forces to provide a guarantee on the country's largest ever shipbuilding export deal.
Vietnam Shipbuilding Industry Corp. (Vinashin) will take out US$99.8 million in concessional loans from China to develop a shipyar in Quang Ngai Province.
The journey for the Ship for Southeast Asian Youth Program (SSEAYP 2004) will come to a close for its 300 youth participants when the Nippon Maru ship docks at Yokahama port of Japan on Oct. 21.