Cooperation vital to tackle shipping rates

Cooperation vital to tackle shipping rates

Although shipping rates have cooled down slightly, a lasting decrease is unlikely, meaning government support and more business efforts will be required to mitigate the impact.
Keys to solving Southeast Asia’s shipping gridlock

Keys to solving Southeast Asia’s shipping gridlock

Ongoing congestion at Singapore’s container port has impacted the shipping industry’s peak season this year. Vu Nguyen Hanh, editor of Vietnam Briefing at Dezan Shira & Associates, analyses the opportunities and challenges for Vietnamese ports, as well as their alternative solutions.
Shipping dock squeezes inflicting domino effect

Shipping dock squeezes inflicting domino effect

Shipping to Vietnam’s key export markets is facing congestion in regional ports, with exporters encountering ever more challenges.
VIMC aims for high growth in 2024 despite challenges

VIMC aims for high growth in 2024 despite challenges

Vietnam Maritime Corporation held a 2023 review meeting on January 4 and discussed plans to achieve this year's growth targets.
VIMC strengthens twin digital-green transformation

VIMC strengthens twin digital-green transformation

Vietnam Maritime Corporation is prioritising the acceleration of its IT development and digital transformation, aiming to sustain its growth into the future.
VIMC profits exceed $130 million for second year in a row

VIMC profits exceed $130 million for second year in a row

The two most important business targets of Vietnam Maritime Corporation (VIMC), revenue and profit, are expected to exceed the set plan for 2022.
Shipping upgrades targeted for 2030

Shipping upgrades targeted for 2030

Developing a local shipping fleet to serve international routes could widen business prospects for carriers and relieve logistics burdens for exporters.
Movers and shakers talk shipping supply chain future

Movers and shakers talk shipping supply chain future

An upcoming seminar by the Ho Chi Minh City branch of the Singapore Business Group (SBG) will help to look ahead and beyond conventional supply chains, providing innovative and practical solutions, and will include speakers from various companies in the shipping, ports, and logistics industry.
First foreign shipping line pledges not to increase container freight rates

First foreign shipping line pledges not to increase container freight rates

French shipping giant CMA-CGM, the world’s third-largest ocean carrier, has announced to suspend increasing container freight rates till February 2022.
Ho Chi Minh City allows shippers to deliver goods during social distancing

Ho Chi Minh City allows shippers to deliver goods during social distancing

From August 30, Ho Chi Minh City allows shippers to operate in Thu Duc City and districts 8, 12, Go Vap, Binh Tan, Binh Thanh, Binh Chanh, and Hoc Mon.
Scenarios for seaport development in south in H2/2021

Scenarios for seaport development in south in H2/2021

As port activities have been hit by the pandemic, three scenarios for seaports in the south have been constructed to project the growth in the second half of 2021.
Gemadept reports positive results but negative financial cashflow

Gemadept reports positive results but negative financial cashflow

Gemadept Corporation reported positive business results but negative cashflow in the first seven months of 2021.
Shipping companies enjoy positive earnings thanks to high sea freight rates

Shipping companies enjoy positive earnings thanks to high sea freight rates

Record-high sea freight rates have seen shipping companies produce positive second-quarter earnings reports.
Quy Nhon Port makes strong profit in H1 despite COVID-19

Quy Nhon Port makes strong profit in H1 despite COVID-19

Quy Nhon Port JSC handled over six million tonnes of goods in the first six months of 2021 while after-tax profit almost doubled to VND115 billion ($5 million).
Paradox: Thousands of containers idle at seaports amid severe shortage for delivery

Paradox: Thousands of containers idle at seaports amid severe shortage for delivery

While the world is in a crisis over the lack of empty containers and shipping fees are soaring, thousands of containers are idling away at Vietnamese seaports.
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