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TAN CANG-HAIPHONG INTERNATIONAL CONTAINER TERMINAL (HICT). WELCOMING 12,000 TEU – 132,000 DWT VESSEL ROUTING THROUGH TRANS-PACIFIC TO THE WEST COAST OF USA
Friday, 17 May 2019 03:55

 

Haiphong is the main gateway to the sea of the Red River delta and the northern provinces with diversified and rich potentials for marine economic development; the growth pole of the Northern key economic region with a strategic locationfor the regional and international integration.

Determining the important geographical location of Hai Phong, the French built Haiphong Port in 1874, which was the first large-scale project with 6warehouses called “Ben Sau Kho” (today's Hoang Dieu port).

After Haiphong was completely liberated on May 13th1955, in order to satisfy the requirement of economic development in the new period, a series of new terminals have been built consecutively in the downstream of Cam River, closer to the open sea. Over 144 years, Haiphong’sterminal system has been constantly developing and growing. However, through the variability of time and sedimentation of Cam River and the expansion of the urban area, the initial terminals of Haiphong have not been suitable for the upsized trend of mother vessels. Especially, in order to export to America and Europe goods from industrial zones in Northern Vietnam must be always transshipped at an international transshipment hub in the region such as Hongkong, Kaohsiung, Singapore. This increases not only lead time, logistics costs but also risk of goods damage, risk of delivery failure in accordance with the contract when the shipment fails to connect the mother vessel at the transshipment hub, particularly during the peak season.

The birth of Tan Cang Haiphong International Container Terminal (HICT) marks an important milestone in the development of Northern seaport system in general and in Haiphong in particular. In order to form HICT, Saigon Newport Corporation (a Navy Force’s unit) established a joint venture with three partners: Mitsui O.S.K Lines (Japan), Wan Hai Lines (Taiwan) and Itochu Corp (Japan).

Thanks to the valuable facilitation and help of the Vietnamese government, Ministries and Central Departments; leaders and competent authorities of Haiphong city; partnership of the terminal investors; the strenuous efforts of HICT’s management and employees, the absolute trust and support of shipping lines and customers; shortly after its grand opening on May 13th2018, HICT continuously welcomes new services deployed by mother vessels with larger capacity and higher deadweight to accommodate at HICT:

On Apr 11th2019, HICT successfully welcomed the maiden call of mother vessel Northern Jaguar with a capacity of 8,814 TEU, deadweight of 108,731 DWT, LOA of 334m, routing on PN2 service. The PN2 service is operated by THE ALLIANCE between Hapag Lloyd, Ocean Network Express and Yang Ming Line on Trans-pacific route with regular call at HICT, which provides direct service from the North Vietnam to Tacoma (USA) and Vancouver (Canada). This service reduces the lead time from.

Haiphong to West coast of the USA and Canada from 25 days to 17 days compared with the previous route calling at overseas transshipment hubs.

On May 7th, 2019, HICT has successfully welcomed the call of mother vessel Wan Hai 805 with a capacity of 11,923 TEU, deadweight of 132,000 DWT, LOA of 330m operated by the consortium between Wan Hai Lines (Taiwan), Cosco Shipping Lines (China), Pacific International Lines (Singapore) on CP1/ SEA/ AC5 service with regular call at HICT, which provides direct service from the North of Vietnam to West coast of the USA. This service has HICT – Nansha – Hong Kong - Yantian – Long Beach – Oakland – Yantian rotation, cutting down the lead time from Haiphong to west coast of the USA from 25 days to 19 days in comparison to the previous route calling at overseas transshipment hubs.

This fact again affirms the capability of accommodating large mother vessels and HICT’s position in the field of container terminal operator in Haiphong. It sets a milestone for development of container transportation via Trans-Ocean direct service not only from HICT but also from North Vietnam to the US and European ports without transferring at transshipment hubs. The deployment of this new direct service makes a complete change to the picture of port operation and sea transportation in North Vietnam, which significantly contributes to remarkable logistics costs reduction, competitiveness enhancement of Vietnam and Vietnamese enterprises, as well as generating a driving force for investment attraction, especially FDI.

Currently, HICT is accommodating 6 regular services per week, including 2 Trans-Pacific direct services, 2 Indian services and and 2 Intra-Asia services. HICT always ensures high productivity and high qualityservice;well cooperates with functional authorities to clear goods quickly which is highly appreciated by shipping lines and customers.

In the coming time, HICT will continue enhancing the highquality service in order to accommodate more mother vessels on Trans-Ocean direct services and on Intra-Asia services to connect the North Vietnam with the other continents as well as to welcome domestic vessels on domestic serviceswhich links the North, Central, South regions together, hence turning HICT into a major deep-water terminal hub in Vietnam and in the world.

 
CONTAINER FREIGHT RATES SLUMP 4.2% IN APRIL
Monday, 13 May 2019 07:28

Container freight rates fell 4.2% in April to their lowest level since June last according XSI Public Indices published by Xeneta.

The indices based on crowd-sourced data covering 160,000 port-to-port pairings fell back sharply last month having reported container rate rises of 2.5% in February and 0.5% in March.

The indices stand at 104.45 points at the end of April, the lowest level since June last year.

The rate falls were across the board with European imports fell by 4.8%, while exports declined by 1.9%; for Asia the import benchmark dropped by 2.1% while exports slumped 3.6%; and for the US the export benchmark fell by 2%, while the import index dropped by 3.4%.

“The reasons for the decline are complex, but certainly overcapacity on the European trades (with Ocean Alliance increasing activity and new slots for a standalone HMM service) and continued fall out from the US-China trade war (where shippers initially front loaded cargoes to avoid additional cost) have added to longer term structural issues and political/economic uncertainty,” commented Xeneta ceo Patrik Berglund.

“In short, suppliers have benefited from a market in flux due to trade wars, IMO, socio-economical factors, like Brexit, and now the situation is turning. As always, uncertain waters may lie ahead for the contract market.”

Berglund said the outlook remains uncertain, “Geopolitics remain stubbornly unpredictable, with on-going uncertainty over US-China relations, while no one – not even the people at the very top – appear to have a clear view of what is happening regarding Brexit and its consequences.”

 
MEKONG DELTA NEEDS TO DEVELOP LOGISTICS TO CUT EXPORT COSTS: CONFERENCE
Friday, 10 May 2019 01:34

 

Developing logistics is an urgent requirement to develop the Cuu Long (Mekong) Delta’s economy, a conference on improving its agriculture and aquaculture value chains heard in Can Tho City on Tuesday.

Nguyen Minh Toai, director of the city’s Department of Industry and Trade, told the conference that the delta, as a paddy and aquaculture hub of the country, accounted for 40 per cent of the country’s agriculture.

Over 50 per cent of the rice supply and 90 per cent of exports are from there as are 65 per cent and 70 per cent of the aquaculture and fruit production, he said.

The demand for transporting these products, some 17-18 million tonnes of them a year, is huge.

But 70 per cent of it is transported to ports in places like HCM City and Ba Ria- Vung Tau for export, increasing costs by 10-40 per cent, the conference heard.

There is thus enormous potential to develop logistic centres in the area and attract investors to the sector, experts said.

Toai said: “Developing logistics in Can Tho is an urgent requirement to develop the regional economy.”

Ho Thi Thu Hoa, head of the Viet Nam Logistics Research and Development Institute, said Can Tho City and provinces in the delta should make strong efforts to develop the logistics sector.

A national plan for logistics development by 2015 included two logistic centres in the region but they remain on paper, she said.

No logistics, higher costs

Companies blamed the logistic inadequacy in the region for pushing up costs.

Chu Van An, permanent deputy general director of Minh Phu Seafood Corporation, said every year his company exports 7,000 containers of shrimp worth US$850 million.

It takes 30 hours to reach HCM City by river and so his company uses road transport for it, he said.

“It costs VNĐ11 million ($520) to transport a container from Ca Mau to HCM City and VNĐ7 million ($300) from Hau Giang to HCM City. For 7,000 containers a year, we have to pay VNĐ60 billion.”

If the infrastructure sector is developed, companies can directly export from the delta and cut 30-40 per cent of their costs and become more competitive, he said.

Le Duy Hiep, chairman of the Viet Nam Logistics Business Association, told the conference that the delta is the country’s agricultural export hub but logistics cost them 20-25 per cent compared to 10-15 per cent in neighbouring countries.

But he warned that setting up a logistics system in the region would be highly challenging.

 
VIET NAM TO HAVE FIRST HELICOPTER RIDE-HAILING SERVICE
Monday, 06 May 2019 04:23

Vietnamese ride-hailing firm FastGo on Thursday announced its plan to launch the country’s first helicopter ride-hailing service - FastSky - in Ha Noi by the end of this month.

FastGo said it has co-operated with a prestigious helicopter firm in Viet Nam, which declined to be named. This co-branding project will provide customers with a helicopter ride-hailing service through an app, and will also aim to promote tourism in northern provinces.

FastGo said FastSky services will include SkyTour, which will offer sightseeing tours of 12, 25 or 40 minutes from Ha Noi to Hạ Long Bay, and other tours.

In addition, it will provide SkySOS in which helicopters will land on skyscrapers in Ha Noi to pick up patients in emergencies. Customers will also enjoy SkyWedding services that provide wedding photography at Hạ Long Bay and Tuan Chau Island.

Private tours for tourism, exploration and work will also be offered by SkyPlus services in the allowable air space.

A representative from the helicopter provider said tourism and transport services by helicopter had become a trend around the world.

“In Viet Nam, with our 30 years of experience in operating and providing safe and effective helicopter services, we are capable of providing world-class helicopter services to the Vietnamese market. The co-operation with FastGo will help customers manage their flight schedule and make payments,” he said.

Nguyen Huu Tuat, founder of FastGo, said their new services aim to promote Viet Nam’s tourism to local and foreign visitors. FastSky sevices will bring premium services in the most convenient and simple way, while customers will have more choices for transport demand and other needs.

FastSky allows customers to book flights and make payments in advance by bank card. In addition, customers can pay by credit card by installment for periods of three months, six months or one year at zero interest rate, supported by the VIMO Viet Nam Joint Stock Company.

FastGo and the helicopter company are completing final procedures to prepare for the launch of the service.

FastGo, a subsidiary of Vietnamese technology start-up NextTech Group, began operation in June last year.

It expanded its operation to Myanmar last December and plans to launch operations in Singapore this month and in five other countries in the region by the end of this year.

With some 60,000 drivers, the company is the second most popular ride-hailing firm in Viet Nam after Grab.

 
VIETNAM’S FOUR MAJOR TRANSPORT PROJECTS ON TRACK FOR COMPLETION NEXT YEAR
Thursday, 25 April 2019 07:37

Vietnam is set to complete four infrastructure projects next year, some of them after long delays lasting several years.

 

Hanoi’s first metro line

The 13-kilometer Cat Linh – Ha Dong metro line is expected to open commercial operations before the Tet Lunar New Year holiday starting February 2, 2019.

All 13 trains on the route are being trial run every day now, running from Cat Linh Station in downtown Dong Da District to the Yen Nghia Station in the south-west Ha Dong District.The 13-kilometer Cat Linh – Ha Dong metro line is expected to open commercial operations before the Tet Lunar New Year holiday starting February 2, 2019.

Each train has four coaches, with a total capacity of 1,000 passengers. The stainless steel coaches are approximately 19 meters long. The trains now run at 30-35 kilometers an hour, even though they are designed to reach speeds of 65 kilometers an hour. A complete trip takes about 30 minutes.

Work on the project is 96 percent complete, officials say, adding that the terminals and depots are “83 percent equipped.”

Construction of the Cat Linh-Ha Dong elevated railway started in October 2011 and was originally scheduled for completion in 2013. But several hurdles, including loan disbursement issues with China that were only resolved last December, have been stalling the project for years.

The original cost estimate of $552.86 million has also ballooned to more than $868 million, including $670 million in loans from China.

 

Bac Giang – Lang Son expressway

The expressway connecting Bac Giang Province north-east of Hanoi to the northern Lang Son Province bordering China is expected to be completed next December.

The four-lane expressway runs 64 kilometers. A 110-kilometer stretch of the existing National Route 1A connecting the two provinces will also be upgraded to be part of the expressway.

The total project cost has been estimated at VND12.19 trillion ($523.67 million).

Most of the expressway has been completed. Next year, operators will finish laying asphalt and installing road signs and lights.

Work on the expressway started in October 2015 and was scheduled for completion last year. However, the  Ministry of Transport had to select a new investor for the project after the original one was found wanting.

The Bac Giang – Lang Son expressway is part of the Hanoi – Lang Son expressway, connecting the capital with the Huu Nghi International Border Gate in Lang Son Province.

 

Cu Mong Tunnels

The Cu Mong Pass, lies mostly in Binh Dinh and partly in Phu Yen, is one of the most dangerous passes in Vietnam. The new tunnels are expected to reduce the number of dangerous traffic accidents that the pass has become infamous for. They would also reduce travel time between the two provinces.The Cu Mong tunnels, connecting the southern provinces of Binh Dinh and Phu Yen, are expected to open on January 21, allowing all vehicles to go through free of charge during the February 2-10 Tet holiday.

The two tunnels are 2.6 kilometers long and 30 meters apart and have a 4-kilometer lead-in road. The tunnels allow a maximum speed of 80 kilometers an hour. For an unspecified first period, only one tunnel will be operated. For now, the second one will be reserved for use in emergencies.

The tunnels have a total capital of almost VND4 trillion ($171.82 million). Construction started in September 2015.

 

Vam Cong Bridge in the Mekong Delta Region

This is the second bridge over the Hau River after the Can Tho Bridge, which is 48 kilometers away. It is part of the route connecting Can Tho with An Giang Province, built to boost the socio-economic development of the Mekong Delta region.The bridge, which connects the southern province of Dong Thap with Can Tho City, is expected to be operational by next July.

The bridge was supposed to be completed by November 2017, but authorities found out that a horizonal beam had a crack four centimeters wide and two meters long.

The Ministry of Transport ordered repairs, and so far 26 out of 38 steps for this process has been completed.

The bridge’s budget of $270 million was sourced through official development assistance from South Korea and Vietnam’s counterpart funds.

 

 
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