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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Chinese terminal operator Rizhao Port Jurong’s shares skyrocket in Hong Kong trading debut after retail investors rejected them

Shares of Rizhao Port Jurong, a spin-off of one of China’s largest port operators, skyrocketed by 167 per cent on their Hong Kong trading debut on Wednesday – even after selling just a quarter of its retail shares.The stock soared by 267 per cent to HK$5.5 from its offer price of HK$1.5 at one point in the afternoon, before falling back to end the session at HK$4. The company raised a total of HK$546.7 million (US$69.8 million) of capital through the listing.The stunning debut performance is in… Source link

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Vietnam 

Construction of $162m port complex gets green light – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A port in Dung Quất EZ. Photo bsr.com.vn HÀ NỘI — The Dung Quất Economic Zone (EZ) and Quảng Ngãi Industrial Parks (IPs) Authority has granted an approval in principle for Hòa Phát multipurpose port company to develop a large-scale port complex in the central province. The complex will cost more than VNĐ3.77 trillion (US$162 million) and will be divided into two phases, online newspaper baodautu.vn reported. In the first stage between now and 2020, a wharf with a length of 300 metres…

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Vietnam 

First port, infrastructure, logistics exhibition opens in HCM City – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A booth at the Việt Nam International Port, Infrastructure and Logistics Exhibition & Conference 2019, which is being held at the Saigon Exhibition and Convention Centre from June 12 to 14. — VNS Photo Xuân Hương HCM CITY — The first Việt Nam International Port, Infrastructure and Logistics Exhibition & Conference (VIPILEC 2019) opened in HCM City yesterday with the participation of 100 exhibitors from 15 countries and territories. Companies in third-party logistics (3PLs), freight forwarding, air transport, cold storage transport, stevedoring equipment, cold chain storage, container production, data analysis,…

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Vietnam 

Vinalines buys backs 75% stake in central port – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Container area in Quy Nhơn Port. Vinalines has paid VNĐ415 billion (US$17.8 million) to reacquire a 75 per cent stake in Quy Nhơn Port JSC from Hợp Thành Investment & Mineral JSC. — Photo baodautu.vn HÀ NỘI – State-owned Vietnam National Shipping Lines (Vinalines) has paid VNĐ415 billion (US$17.8 million) to reacquire a 75 per cent stake in Quy Nhơn Port JSC, which it had sold illegally to Hợp Thành Investment & Mineral JSC without the Government’s approval. Vietnam Depository Centre has recorded the transfer of ownership to Vinalines. The shipping group…

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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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