Vietnam 

Hải Phòng JSC proposes to build container teminals in Lạch Huyện Port – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Hải Phòng Port of the Hải Phòng Port JSC. The company proposes to put investment to the container terminal 3 and 4 in Lạch Huyện Port at the Đình Vũ Economic Zone, Hải Phòng City. Photo thanhtra.com.vn HÀ NỘI – The Ministry of Planning and Investment has proposed the Prime Minister to approve Hải Phòng Port JSC’s investment in construction of two container terminals 3 and 4 in Lạch Huyện Port. The total project investment is about VNĐ6.9 trillion, of which VNĐ3.1 trillion or 45 per cent of the total investment,…

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Singapore’s Straits Times Index kicks out Li Ka-shing’s port trust as US-China trade war crimps stock’s value by 84 per cent

Hutchison Port Holdings Trust will be removed from Singapore’s Straits Times Index after a dramatic fall in its market value amid rising global trade tensions, the index provider said in a statement.The move marks the end of an era for the Li Ka-shing backed container port trust in Hong Kong, whose initial public offering in 2011 was among the biggest that year.The market capitalisation has dropped 84 per cent since the IPO to around US$1.4 billion, the lowest among the 30 constituents of the… Source link

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Vietnam 

Bà Rịa-Vũng Tàu halts delayed port project – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Cái Mép Thị Vải Port in Bà Rịa Vũng Tàu Province. This province has halted operation of Mỹ Xuân Port due to slow construction. — Photo ttvn.vn BÀ RỊA-VŨNG TÀU — The People’s Committee of Bà Rịa-Vũng Tàu Province has decided to stop operation of the Mỹ Xuân General Port project in Mỹ Xuân Ward, Phú Mỹ Town, due to slow construction. The provincial People’s Committee has requested Hồng Quang Construction and Real Estate Investment JSC, an investor of the project, complete procedures to end the investment project in accordance with existing regulations. The…

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Vietnam 

Chu Lai Port welcomes giant container vessel from Korea – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Chu Lai Port in Quảng Nam Province recently received the biggest container ship to have ever visited it, the Hong Kong-flagged SITC HEBEI. – Photo courtesy of THACO QUẢNG NAM – Chu Lai Port, the Maritime Administration and Quảng Nam Border Defence Force last week welcomed SITC HEBEI, the largest and longest container ship to ever berth at the port, with goods it brought from Korea. The Hong Kong-flagged ship is 172 metres in length and has a deadweight tonnage of 22,000 tonnes. In 2016 Chu Lai Logistics, which…

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Vietnam 

Congestion around HCM City port eased with efficient sharing of goods with other ports – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Tân Cảng-Cát Lái Port in HCM City’s District 2 . — VNS Photo Ngọc Diệp HCM CITY — The judicious distribution of goods between various ports has helped reduce congestion on roads leading to Cát Lái Port in HCM City, a Việt Nam Maritime Administration (Vinamarine) official has said. Trịnh Thế Cường, head of maritime transport and services at Vinamarine, told a conference held on Thursday to review the measures to reduce traffic congestion around Cát Lái that they have fetched excellent results. “Relevant units have worked with customers to convince them to…

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Hong Kong’s ageing Kwai Tsing Container Terminal needs a London-style port authority to stay afloat

Hong Kong needs a centralised port authority to help oversee changes that will enable the ageing 50-year-old Kwai Tsing Container Terminal to cope with rising competition from other logistics and port operators around the region, according to experts.Kwai Tsing has undergone successive expansions nearly every decade since it was completed in the 1970s, such that it can now support 24 cargo ships berthed simultaneously.Unlike other ports in the region, Kwai Tsing’s facilities are shared among… Source link

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Vietnam 

Hải Phòng port posts strong revenue growth in first half of 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Hải Phòng Port JSC gained total revenue of VNĐ852 billion (US$36.3 million) in the first half of this year. Photo thanhtra.com.vn HẢI PHÒNG — Hải Phòng Port Joint Stock Company recorded impressive growth in both revenue and cargo output via its seaports in Hải Phòng during the first six months of this year, according to the company. The company, a member of the Việt Nam National Shipping Lines (Vinalines), received total cargo volume of more than 13 million tonnes and gained total revenue of VNĐ852 billion (US$36.3 million) in the…

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Vietnam 

VN surpasses Hong Kong in port throughput – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  From January to June, Việt Nam recorded 9.1 million TEUs in container throughput, up 3 per cent compared to the same period last year. — Photo cafef.vn HÀ NỘI — Việt Nam’s container throughput surpassed Hong Kong’s in the first half of this year, possibly in part due to trade diversion amid the trade war between China and the US, reported the Chinese news site Caixin Global. According to the data from Hong Kong Maritime and Port Board, in the first half of 2019, Hong Kong saw a container…

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Vietnam 

Work on $193 million port complex begins in Trà Vinh – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Delegates attend to the complex’s ground-breaking ceremony on Thursday. VNA Photo TRÀ VINH — Construction of a port complex, worth VNĐ4.5 trillion (US$193 million), kicked off in Duyên Hải District, Trà Vinh Province on Thursday. Financed by Định An construction company, the 128ha complex comprises three ports, a warehouse system and a logistics zone, that will enable it to receive container ships with a capacity of 30,000 TEU as well as cargo vessels with capacity of up to 50,000 DWT. The complex is divided into two stages with the first…

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Bulk carrier laden with Canadian canola is stuck outside Xiamen port, snared by the Trump-Xi battle over Huawei

Some of the people most eager to see a resolution in the US-China trade conflict may be the crew of a ship circling in the East China Sea.The Amazon, laden with Canadian canola, has been travelling back and forth in the waters around Xiamen port for four weeks after leaving Vancouver on May 7, according to Bloomberg shipping data and a person familiar with the situation. Chinese authorities have been repeatedly carrying out quality inspections on the cargo, the person said.Canada has become… Source link

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