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Hậu Giang to build VNĐ1.5 trillion logistics centre
Wednesday, 21 June 2017 04:03

HẬU GIANG — The Mekong Delta province of Hậu Giang is planning to build a logistics centre at a cost of over VNĐ1.5 trillion (US$66.03 million).

The aim is to reduce the logistics cost in the region and improve the competitiveness of the regional products in both domestic and foreign markets.

The centre will cover 80ha in Sông Hậu Industrial Zone in Châu Thành District. It will include a wharf area, goods storage and warehouse, along with a control building, support areas and roads.

In the period between 2017 and 2020, the centre will get a quay, warehouse and office to serve logistics activities on a 30ha area.

According to Hồ Thị Thu Hòa from the HCM City University of Transport, the centre has a favourable location owing to its proximity to many industrial parks and roads system connecting the Mekong Delta with key economic region and neighbouring countries.

Once operational, the centre will play a core role in goods distribution and transportation, boosting the socio-economic development of the whole region.

By 2025, it is expected to create jobs for 1,000 people.

Source: VNS
Vinalines, NYK Line consider developing logistics centre
Monday, 19 June 2017 02:08

HÀ NỘI — Việt Nam National Shipping Lines (Vinalines) and Japan’s NYK Line Group will carry out a joint research on developing a transportation and logistics centre to serve industries in Cửu Long Delta.

The study will be conducted under a memorandum of understanding signed by the two companies on the sidelines of an investment promotion forum held in Tokyo on Monday.

The NYK Line Group, established in 1885 in Japan, offers international transportation service with a fleet of 852 vessels, especially bulk cargo on big ships. It also has interests in the real estate and energy sectors. The group has 67 representative offices in foreign countries, including NYK Line Việt Nam.

Vinalines is a leading shipping company in Việt Nam, and currently manages a fleet of vessels with a total capacity of around two million tonnes, which is 26 per cent of the national capacity.

The corporation has around 13,000m of container terminals, occupying 20 per cent of the total length of ports nationwide, with an annual loading and unloading capacity of 70 million tonnes of goods, or 20 per cent of the country’s capacity.

In the future, Vinalines has said that it would focus on offering logistics package services to customers, including sea port, sea transportation and maritime services, which is an important factor for competing with other firms.

Chairman of Vinalines Lê Anh Sơn said the two sides expected to boost co-operation on investment and development in the area of transportation and logistic services for input materials needed at factories and industrial parks in Mekong Delta (Cửu Long) region.

In January, Prime Minister Nguyễn Xuân Phúc approved the corporation’s IPO plan, according to which the State will hold 65 per cent of the VNĐ12.3 trillion (US$540.42 million) registered capital of Vinalines, while investors will get the opportunity to hold the remaining 35 per cent stake. The IPO will be launched this December.

Source: VNS

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
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