Hai Phong port city in the first nine months of this year attracted more than 1.3 billion USD of foreign direct investment, five times over last year and a record figure for the period in the locality so far.
Bunge Asia, the Asian operating arm of Bunge Ltd, has acquired SSI Logistics, the French subsidiary of France's state-owned SSI/EMC Group. SSI Logistics owns a 50% stake in Baria Serece, the owner/operator of Phu My Port.
With the market share of import- export container throughput making up over 65% of those in the ports of southern provinces and over 42% nationwide, the receipt/delivery and vessel dispatch activities at Cat Lai port have played an important role in the import - export trade of the Southern provinces and the national economy.
The Asian Shippers' Council (ASC) has called on governments in the region to take "decisive action" to stop anticompetitive behavior among container shipping companies following an Emergency Bunker Surcharge (EBS) introduced by eight lines operating in the Taiwan to Hong Kong-South China trade.
Busan Port, which accounts for 80 percent of the country's container cargo, was virtually paralysed yesterday as a strike over skyrocketing fuel costs by the Korean Transport Workers' Union (KTWU) entered its fifth day, following the breakdown of talks with the government.