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Tan Cang Port welcomes container of 6.5 million
Tuesday, 02 January 2018 01:48

On December 15, Saigon Port Corporation (SNP) welcomed a container of 6.5 million through the port system of the Corporation in 2017. At the same time the company also completed the plan in 2017 before 15 days.

2017 is the the customer year of Tan Cang Port which reflected by the renovation of the connection system; improve labor productivity; Develop value-added services for businesses, all for the best customer service.


This year marked many important milestones of SNP as on November 26, Cat Lai port welcomed the fourth container through the year. Next to December 15, the container receives 6.5 million through the port system of Sai Gon New Port Corporation in 2017.

For the container port through the port system of New Port in the year reached 6.8 million TEUs, up 13.6% over 2016. In 2017, Saigon New Port is also a professional container port operator, currently largest and largest in Vietnam, occupying 92.5% of the container export market in Ho Chi Minh City, 70% market share in Cai Mep - Thi Vai area, nearly 50% market share in the country.



In the shipping and ocean shipping business, in 2017, the company received the first international cargo ship at Tan Cang - Cai Cui port, and raised its fleet to 5 with total capacity of 3,323 TEUs. The corporation holds a 25% market share in North-South. With the results achieved, the corporation entered the top 25 largest and most modern container port in the world. In addition, SNP continues to lead the top 20 logistics companies in Vietnam.

HK Port Nov volume slides 4% to 1.75m teu
Wednesday, 27 December 2017 03:35

The Port of Hong Kong continued to see container throughput slide in November, with the decline which began in October accelerating to 3.6% with 1.75m teu moved compared to the 1.81m teu that passed through the port in the previous corresponding period.

The main Kwai Tsing terminals saw volume fall 1.6% to 1.35m teu from 1.37m teu previously while at the non-Kwai Tsing terminals throughput plunged 9.7% to just 400,000 teu from 443,000 teu in November 2016.

For the year-to-date, throughput amounted to 18.97m teu, making it look likely that the Port of Hong Kong will not only have another sub-20m teu year but quite possibly see annual volumes even drop below last year's 19.81m teu if December turns out to be a slower-than-expected month.

Yang Ming to retire 20 ships and to seek new tonnage in coming years
Monday, 25 December 2017 03:46

FOLLOWING the recent injection of cash from the state, Yang Ming Marine Transport has detailed plans to scrap 20 ships and to bring in a fresh wave of new tonnage.

State-backed Taiwan International Port Corp (TIPC), which oversees the island's main terminals, converted US$343 million of debt owed by Yang Ming into an investment, in the process switching from being a creditor in the Keelung-headquartered line to become a shareholder.

Taiwan's minister of transportation and communications, Hochen Tan, stated that he sees the two parties working much closer together going forward.

Yang Ming's chairman Bronson Hsieh, formerly number two at Evergreen, has outlined how the company will rejig its box fleet.Twenty ships ranging in size from 3,000 TEU to 8,000 TEU will be retired in the coming years, with Yang Ming then looking to either build or charter in a swathe of new, larger tonnage with a focus on trades in Southeast Asia.

Amid unprecedented consolidation seen in the container sphere over the past three years, combined with a series of dire financial results, the future of Yang Ming, currently the world's eighth largest liner with just shy of 600,000 slots, has been the source of much speculation in 2017.

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