mai hien

NYK, MOL & "K" LINE to operate under tradename "Ocean Network Express"
Thursday, 15 June 2017 02:52

TOKYO: Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha have announced that their new joint venture (JV) will operate under the tradename “Ocean Network Express.” The establishment of this new JV, which will integrate the three companies’ container shipping businesses (including worldwide terminal operation businesses, excluding those in Japan), was previously announced in the “Notice of Agreement to the Integration of Container Shipping Businesses” released on October 31, 2016.

A new website has been launched, at for stakeholders to better inform themselves about the JV.

Establishment of a holding company is currently planned in Japan, and an operating company is planned to be incorporated in Singapore. In addition, regional headquarters of the operating company will be set up in Singapore, Hong Kong, United Kingdom (London), United States (Richmond, VA), and Brazil (Sao Paulo).

The move will allow Ocean Network Express to better meet customers’ needs by providing high-quality, competitive services through the consolidation and enhancement of the three companies’ global network and service structures.

Following the announcement on October 31, 2016, the three companies have been progressing towards their target of establishing the new JV. The establishment of new JV will officially be announced once all anti-trust reviews are completed. The service commencement date for Ocean Network Express is April 1, 2018.

Source: dailyshippingtimes
Saigon Newport keen on transit through Kazakhstan.
Monday, 12 June 2017 02:14

Port officials meet with Kazakhstan's National Railways Corporation to discuss possibilities of creating an effective logistics chain between Southeast Asia and the EU.

The Saigon Newport Corporation (SNP), the owner of Vietnam’s largest seaport, Saigon Newport, and Kazakhstan’s National Railways Corporation have met to discuss plans for developing an effective logistics chain between Southeast Asia and the EU via Kazakhstan.

SNP CEO Mr. Nguyen Dang Nghiem led a delegation on May 26-31 to Lianyungang seaport, Kazakhstan’s largest investment project in China, with the aim of boosting cooperation between SNP and Kazakhstan’s National Railways Corporation and researching the potential of transit through the country.

The two sides introduced development plans for infrastructure of the two seaports. They also proposed establishing a group to research bilateral cooperation within the framework of China’s “One Belt, One Road” initiative.

Mr. Nghiem said that SNP is willing to support goods shipments from Vietnam to countries in the Eurasian Economic Union (EAEU), Kavkaz (the Caucasus region), and the EU.

Wrapping up the meeting, the two sides agreed to establish the research group and for the Kazakhstan side to soon provide goods shipment fees and hold a business forum in Ho Chi Minh City attended by Vietnamese exporters.

A delegation from the Vietnam Railway Corporation (VRC) led by Deputy General Director Phan Quoc Anh visited Kazakhstan, the Khorgos economic free zone, and Altynkol train station on the Kazakh-Chinese border in March.

Mr. Anh said he highly regarded the important role of Khorgos and the railway station at the border. “This trade route has great potential and is a connection between Southeast Asia and Europe,” he said.

The Vietnam-EAEU FTA, which took effect on October 5, 2016, is expected to expand trade between Vietnam and the five EAEU countries of Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan.

Under the agreement, 90 per cent of tariff lines have been cut or reduced. Of those, 59 per cent were removed immediately after the agreement took effect, offering great advantages for Vietnam to compete with other countries in exporting to the region.

Source: vneconomictimes
There will be a “Big” M&A in Logistics
Thursday, 08 June 2017 01:42

At present, the room for the company's foreign block is 49% due to 49% of its cargo handling, inland transportation and trucking business being limited to foreign ownership.

Tae Kwang Industrial Co. Ltd, a South Korean textile and petroleum chemical company, has expressed its desire to buy a large stake in Gemadept Logistics (GMD). Although Gemadept has not officially announced this information but the stock market is still hot on this story, GMD stock has risen nearly 60% since the beginning of the year.

Tae Kwang Industry Co. Ltd has been operating in Vietnam for more than 23 years. Tae Kwang Vina Industrial (100% owned by Tae Kwang Industry Co.) is the second largest footwear company in Vietnam. If the deal is successful, GMD will receive the entire transfer of logistics requirements of Tae Kwang.

At present, the room for GMD's foreign block is 49% due to its 49% foreign owned, domestic and trucking business as a foreign owned business.

GMD owns a series of seaports with the following ownership ratios: Nam Hai Port (GMD owns 99.98%) contributes about 10% of net sales and 19% of gross profit in 2016; Nam Hai Dinh Vu Port (84.66%) contributes about 19% of net sales and 34% of gross profit in 2016; Phuoc Long Port (100%) contributes about 12% of net sales and 9% of gross profit in 2016; Nam Dinh Vu Port (60%) is under construction and will be operational from 2018; Dung Quat port (81.60%) contributes about 2% of net sales and 6% of gross profit in 2016.

At the last shareholders' meeting, shareholders approved the plan to divest in a number of subsidiaries. GMD expects to complete some of its investments and record high earnings this year. Detail:

Transfer 15% of the remaining capital of CJ Vietnam Co., Ltd (owned by Gemadept Tower) and recognized VND 100 billion of profit; Assignment of 51% stake in Hoa Sen Gemadept International Ports and Ports Joint Stock Company and a profit of VND100 billion. The company is owned by Hoa Sen Group - HSG (45% owned), Gemadept (51% owned), charter capital is 140 billion; 51% of the shares will be transferred to Gemadept Holding and Gemadept Holding. GMD said its partner is paying $ 125 million to buy a 50% stake in the two companies.

Other investments to be divested will take longer. Specifically: Transfers 51% -100% of GMD's shares in three rubber companies owned by GMD 100%:  Indochina Pearl JSC (Charter capital of 587 billion), Lotus Corporation (Chartered capital of VND790 billion) and  Pacific Pride JSC (chartered capital of VND92 billion); Assignment of 25% stake in Gemalink, chartered capital of VND2,000 billion, GMD owns 75% of shares.

Source: infonet

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