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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.

 
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