Vietnam 

International container port inaugurated in Thanh Hóa – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The port also welcomed its first container ship –  Haiphong China Express. — VNA/VNS Photo Khiếu Tư THANH HÓA — An international deepwater container port was put into operation at Nghi Sơn International Port in the north central province of Thanh Hóa on Wednesday.  Addressing the event, Deputy Minister of Transport Lê Đình Thọ appreciated CMA Group’s decision to open a container port and selection of Nghi Sơn International Port for the construction. The route will create favourable conditions for import-export enterprises in Thanh Hóa and neighbouring provinces, thus contributing…

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US security concerns force Cosco-owned Orient Overseas to sell Long Beach port in California

A Hong Kong-based company has been forced to sell its American container port after the US government raised security concerns about its parent being a Chinese state-owned shipping giant.Orient Overseas (International), which is majority-owned by Cosco Shipping Holdings, will sell off its entire interest in Long Beach Container Terminal in California for US$1.78 billion (HK$13.97 billion) in cash, according to a stock exchange filing on Tuesday morning.The sale to a US infrastructure fund is… Source link

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Vietnam 

Taiwanese firm buys 20 per cent stake in Đà Nẵng Port – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A ship anchored at Đà Nẵng Port. The port company has announced its principle shareholders had sold a 20 per cent stake to Taiwanese shipping firm Wan Hai Lines. — VNA/VNS Photo Lê Lâm Viet Nam News HÀ NỘI — Taiwanese shipping company Wan Hai Lines has acquired a 20 per cent stake in Đà Nẵng Port JSC to become the new principle shareholder of the Vietnamese port. The Taiwanese firm purchased Đà Nẵng Port shares through its sub-unit Wan Hai Lines (Singapore) Pte Ltd. Wan Hai…

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Vietnam 

NA leader lauds model port operator on 30th anniversary – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY      National Assembly Chairwoman Nguyễn Thị Kim Ngân lauded efforts and achievements by the Sai Gon Newport Corporation (SNP) over the past three decades when attending its 30th traditional day yesterday. A defence-security enterprise of the Vietnam People’s Navy, the corporation contributed to implementing the Vietnam Maritime Strategy, fulfilled its role of serving as a logistics base and military port, and built military facilities in border and island areas. Notably, in March 2018, it put into operation the Cam Ranh International Port – the largest logistics…

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Vietnam 

US$1.31 billion logistics centre and port project proposed – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A shipping vessel docked at Cái Mép-Thị Vải Port in the central province of Bà Rịa-Vũng Tàu. — VNA/VNS Photo Viet Nam News HÀ NỘI — A joint venture between Hà Nội Export-Import Company (Geleximco) and International Transportation and Trading Joint Stock Company (ITC) has proposed building a logistics centre and Cái Mép Hạ habour in Bà Rịa – Vũng Tàu Province’s Phú Mỹ Commune. According to the proposal, the logistics centre which is under Cái Mép – Thị Vải port complex would cover an area of 1,000ha and…

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Vietnam 

Construction resumes on Việt Nam’s largest deep sea port – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The ground breaking ceremony for Gemalink Cái Mép, which will become the largest deep sea port in Việt Nam. — Photo tinnhanhchungkhoan.vn Viet Nam News HÀ NỘI — Gemadept Joint Stock Company under Gemadept Corporation on Thursday restarted construction of Việt Nam’s largest deep sea port – Gemalink Cái Mép – after years of delay caused by economic downturn. The project has a total investment of US$520 million including $330 million in the first phase and $190 million in the second phase. The company said the Gemalink port…

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Guangzhou (Nansha) port, bigger, smarter, more connected ahead to lead ports in the Greater Bay Area

The vision of a “Greater Bay Area” (GBA), China’s economic hub encompassing 11 urban southern Chinese cities, has caught the imagination of regional governments, corporations and investors. The plan to integrate the cities in fields of manufacturing, services, financing and high-tech  is going to offer the bay area container port market a wealth of new opportunities. Guangzhou (Nansha) port, located at the mouth of the Pearl River Estuary and the geographical center of the GBA, has been a major commercial and trading port in China over the past thousand years,…

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Vietnam 

Mỹ Thủy Port to be built in Quảng Trị – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Chairman of Quảng Trị People’s Committee Nguyễn Đức Chính hands over the decision to the investor. — VNA/VNS Photo Nguyễn Lý Viet Nam News QUẢNG TRỊ — The People’s Committee of the central province of Quảng Trị held a ceremony on Tuesday to announce the Prime Minister’s approval of the construction of Mỹ Thủy Port to the project’s investors. The project, which will be located in Đông Nam Economic Zone in Hải An Commune, Hải Lăng District, will cost over VNĐ14.23 trillion (US$608 million), over VNĐ2 trillion of which…

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Li Ka-shing’s empire, Wharf play an outsize role at Hong Kong’s container port

The Kwai Tsing Container Terminal in Kowloon is effectively controlled by five companies and responsible for roughly 80 per cent of the container traffic that enters Hong Kong each year. On Thursday, the Hong Kong Competition Commission said that it would investigate a newly formed alliance between four of the operators in which they would jointly operate and manage 23 of the 24 berths at the port. The alliance was announced on Tuesday night. In its announcement on Tuesday, Cosco Shipping Ports said the Hong Kong Seaport Alliance would allow…

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Vietnam 

Sơn Dương deep-water port ready to receive 28 million tonnes of cargo this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Formosa Hà Tĩnh said the Sơn Dương deep-water port has completed construction of 12 wharves. – Photo infonet.vn Viet Nam News HÀ NỘI — The Sơn Dương deep-water port in Hà Tĩnh Province is expected to receive 28 million tonnes of cargo from roughly 1,500 ships in 2019, according to the Formosa Hà Tĩnh Company. In 2018, the port welcomed more than 21.6 million tonnes of cargo from 1,095 ships. The main imports at the port were ore, coal and equipment for production at the Formosa Hà…

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