One party has the advantages of ports and port services, the other one has monopoly on production, trading and distribution of agricultural products around the world, Phu My Port and Bunge Group have cooperated together to form an "economic leverage" to promote development of the two parties.
At Petroleum Technical Services Corporation (PTSC) downstream port in the southern city of Vung Tau, on March 19, the Corporation loaded out the Chim Sao wellhead platform (WHP) jacket and the Su Tu Den (Black Lion) Northeast WHP topsides.
In the morning of 12 March, at the meeting on experience to receive the Albert Maersk vessel, 109000DWT of loading capacity to the SP-PSA port at 15:20pm, 11 February 2010, Vung Tau Maritime and Port Authority showed that Thi Vai River and SP - PSA Port meet requirements for receipt of over 100000DWT vessels in berth safely.
While space is limited, unknown containers in Tien Sa Port in Da Nang are becoming a burden for the management board.
Deputy director of Tien Sa Port Nguyen Huu Sia said that many consignments would remain idle for months, occupying large areas, and most of the ports 160,000sq.m were fully stocked. The ports management board had to bear the losses due to these space issues.
On March 11, Vietnam National Shipping Lines (Vinalines) had a working session with the People's Committee of the province on the "Vung Tau international container port and the logistics base" and "Offshore Repair and new construction yard". Chairman of BR-VT People's Committee Tran Minh Sanh chaired the meeting.
Up to 3 March 2010, Phu My port welcomed 90 participations of vessels with nearly 700,000 tons of cargo, mainly agricultural products. With current facilities, in 2010, Phu My Port is expected to exceed the target growth from 15 to 20% over 2009.
Japanese investors are interested in investment cooperation in building and operating deep water ports in Vietnam, said Japanese Deputy Minister of Land-Infrastructure-Transport and Tourism Fujita Takehino.
An official ceremony was held last night in Hai Phong, north Vietnam, celebrating the commencement of infrastructure works for the second phase of the port construction, which will start later this year.