mai hien

Vinalines, Belgium’s Rent-A-Port N.V ink cooperation deal
Monday, 11 September 2017 02:27

The Vietnam National Shipping Lines (Vinalines) and Belgian Rent-A-Port N.V signed a MoU on August 30 on the possibility to cooperate in grain specialised port, processing zone and logistics system projects in Lach Huyen port and Dinh Vu industrial zone, in Hai Phong city.

Rent-A-Port is an engineering and investment company, specialised in the development of marine infrastructures and industrial zones worldwide. It offers services ranging from consultancy and full project management to co-investment in marine related projects and industrial zones.

Under the MoU, the two companies will seek collaboration opportunities in a joint venture company to develop grain handling port in Hai Phong International Gateway Port. They are also keen on another joint venture firm to construct a 250 hectare logistic centre opposite the grain port, facilitating grain loading, storage, processing and distributing.

Along with joining the construction of a 630-metre port in Dinh Vu industrial park, which is currently invested by Vinalines Dinh Vu JSC, the Belgian enterprise can buy 10 percent of Vinalines’s charter capital when the company becomes privatised in April, 2018.

Thus, Rent-A-Port N.V will attach its long-term benefits to Vinalines as well as support the Vietnamese company in advanced technology transfer, human resources training, financial capacity improvement, business management, service supply and market development.

With adorable port infrastructure and logistic system coupled with considerable management experience and financial capacity, collaboration between the two enterprises is expected to enhance competitiveness and maintain crucial roles of both sides in marine port and logistic sectors in Vietnam.

Vinalines is a leading marine business in Vietnam, especially in port and marine services in Hai Phong city. The firm will make an initial public offering (IPO) in December this year. Under the IPO plan, the State will hold 65 percent of the company’s registered capital of 12.3 trillion VND (541.2 million USD) while it will sell 35 percent to domestic and foreign businesses.

Vinalines is also allowed to hold 65 percent of registered capital at key ports, including Hai Phong, Sai Gon and Da Nang. 
Vinalines currently manages a fleet of off-shore vessels with total capacity of nearly two million tonnes, occupying some 25 percent of the national fleet’s capacity. It has contributed capital to 14 sea port businesses, which have a total length of more than 13,000 metres, 30 percent of the total length of ports nationwide. They include a number of deep-water harbours that can receive 190,000 tonne vessels.

Hyundai Merchant Marine to use Internet of Things (IOT) Tech for Refeer Container to cut cost
Tuesday, 05 September 2017 04:28

Hyundai Merchant Marine is trialing the use of Internet of Things (IoT) technology to its refrigerating containers to better monitor freshness of temperature-sensitive products during delivery, the company said.

The shipping company will start testing the service on 10 of its refrigerating containers till October and decide whether to expand the IoT-based monitoring to all of its freezing containers based on big data analysis of the test-run results. The company will be assessing whether the service cuts operational costs and improves the quality of the refrigerating service.

Without IoT sensors, the ship’s crew has to monitor the temperature of refrigerating containers every 12 hours and report the results to cargo owners. IoT technology is expected to make that process a lot faster and more convenient as the shipping company can monitor and control temperatures in containers via computers in real-time, assuming the ship has an internet connection.

“As it is most important for refrigerating containers to maintain a certain temperature while passing through hot or cold regions on the way to the final destination, the application of IoT technology will upgrade the quality of our logistics service,” a spokesperson from Hyundai Merchant Marine said.

As the company has already been participating in a local consortium comprised of IT service companies and Government organizations to discuss applying blockchain technology to shipping and logistics, the application of IoT could help offer a more effective and digitized service to customers, the company noted in a press release.

The consortium established in June consists of IT service companies such as Samsung SDS and IBM Korea as well as the Korea Customs Service and Ministry of Oceans and Fisheries.

SASTECO sustainable development under pressure of relocation2017
Thursday, 31 August 2017 01:39

Facing harsh demands from market, enterprises should keep improve their quality for better competition abilities. Not away from the trend, Saigon Stevedoring Company (Sasteco) keeps changing in the progress of development and thus, receives prestige from its customers.

Innovation guideline

Sasteco is a unit being given priority to operate and to be in charge of stevedoring, forwarding and packaging cargo at ports and routes belonging to Saigon Port. Besides Saigon Port area where accounts for 55% of annual income with operations of production and services, the company has expanded its market shares to other ports and berths in the area of HCMC (Ben Nghe port, Tan Thuan Dong port, Vegetable Port…);  in the Mekong Delta; in the area of Cai Mep- Thi Vai, Phu My, Ba Ria- Vung Tau (SSIT, ODA Thi Vai, TCOT); and Duyen Hai Thermal Power Plant, Tra Vinh.

As an important chain in sea port services, with the professionally- trained staff, Sasteco always provide customers with the most effective and professional services. Its service quality keeps being improved and thus brings more prestige to shippers and gives them a good image of Sasteco- a shippers and shipping agencies’ choice for stevedoring and forwarding…

In the reality that local sea port transport has been being developed to reduce workload for road transport, the company has had specific guideline to improve their abilities on sea port services. In the short- term strategy, it has invested in new equipment to replace old one, improve existing equipment to meet customers’ demands, and makes good use of its advantages in bidding for providing services at Phu My, BR-VT and at other regions. In long- term strategy, it will gradually involve in activities of branding and logistics activities: leasing equipment, maritime services, expand to new areas, together with cooperate with qualified partners to satisfy customers’ demands.

Besides business targets, environment protection and community support is of the company’s concerns. Sasteco has had social works: charity work and helping those in need, mostly aiming at laborers in the company.

Sustainable development

In Shareholders’ meeting 2016 report, the company had 132.46% of income and 223.21% of pre-tax profit year- over- year. For the coming time, Sasteco keeps maintaining its strength in the market of sea port services- the market becoming tougher and tougher, requiring providers to satisfy customers’ demands.

To make sure the relocation of Saigon port as scheduled, Sasteco has moved its office to the new address- 115, Street no.8, Nam Long Residential, Tan Thuan Ward, HCMC since May 29th, 2017. So far the company has completed its human resource plan: over 400 laborers quit job has been offered job-leaving support in accordance to the Decision 46/2010/ QĐ- TTg. And the company still maintains its staff for carrying container services, equipment, leasing services and its satellite units for carrying out bulk cargo and container services.

To meet customers’ needs, Sasteco has had closed cooperation with satellite units to make sure there is enough staff for service in the area of Saigon Port and HCMC. It also associates with PWT Company and other satellite units to provide services at ports in Phu My, BR-VT and focuses on providing services at Duyen Hai Thermal Power Plant, Tra Vinh. It tries to reduce cost when biding for providing services at the area.

With particular plans, proper guidelines and innovations to catch up with trends of development, Sasteco is able to confirm its competition abilities in front of even bigger competitors. Making good use of its inner force and modern technology, Sasteco is becoming a leading company in the field of sea port services.

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