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CẦN THƠ SEEKING LOGISTICS CENTRES FOR AIR TRANSPORTATION
Thursday, 04 April 2019 01:57

Can Tho needs to develop logistics centres to meet increasing demand for the transportation of goods by international and domestic airlines. Four businesses have put forward proposals to develop such centres in cooperation with the city.

Vo Thanh Thong, chairman of the People’s Committee of Can Tho City, made the statement at a meeting with the Ministry of Industry and Trade (MoIT)’s delegation on March 21 in Can Tho.

Logistics services for the transport of goods by air are very important for Can Tho and the Mekong Delta region, Thong said, because agricultural products, especially farming and fishery products, must be fresh if they are to be sold at high prices. Therefore, besides preservation, the moment of transport for those products is very important.

At present, Can Tho International Airport is connected with Ha Noi, Đa Nang, Phu Quoc and Con Đao. In 2019, the airport will be connected through five new domestic routes to Hai Phong, Thanh Hoa, Vinh, Đa Lat and Nha Trang and two international routes to Bangkok (Thailand) and Kuala Lumpur (Malaysia).

Can Tho expects to exploit these routes for both transporting passengers and cargo, Thong said. Therefore, demand for logistics services is high, especially demand for the transport of fresh agricultural products.

Municipal authorities are in the process of studying the four investors that have made proposals to choose suitable partners, Thong said.

He said the projects need support from the Ministry of Industry and Trade and the Ministry of Transport to ensure efficiency, especially in terms of selecting partners.

At the meeting, minister of industry and trade Tran Tuan Anh said the ministry would continue to discuss more details about the development of air logistics centres with Can Tho’s authorities.

He said now the MoIT is in the process of talking with a Japanese partner about the development of a food processing centre in the Mekong Delta region. Under the project, an air logistics centre will be developed to serve the food processing centre.

The minister also asked Can Tho to pay more attention to attracting enterprises, especially from South Korea and Japan. The MoIT would cooperate with Can Tho to develop a plan on approaching the locality for both local and foreign enterprises.

In addition, the ministry wants to introduce to Can Tho some domestic businesses in promoting those projects such as Vietjet Air and SHB, he said.

This is a bridge connecting the businesses with the locality in developing those projects and creating value chains relating to market development in Can Tho and the Mekong Delta region.

In August 2018, Can Tho City People’s Committee and Vietnam Airlines Corporation (Vietnam Airlines) signed an agreement to develop the Can Tho Air Logistics Centre on an area of about 27 hectares next to Can Tho airport.

 

 
DRY BULK MARKET: CAPSIZE INDEX ON THE MEND
Wednesday, 03 April 2019 02:48

 

Capesize

The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacific-led gains were seen early in the week. As the market drew to a close on Friday, higher Atlantic rates were being traded. Demand from all the major miners saw West Australia/China rates lift above $5.00 last week, rising to the mid-$5.00s mid-week, and over $6.00s as the week closed out. Timecharter rates rose sharply, with the Baltic Capesize Index (BCI) route C10 finishing at $8,117. A well-described 180,000-tonner fixed in the mid $10,000s. East Australian coal shipments too lent support. Transatlantic rounds traded mid $4,000s early in the week, rising to mid $6,000s as the week closed out. A well described modern Capesize, spot Gibraltar, fixed a Colombian round at $9,000. There is cautious optimism for the new week, but Brazil cargo has remained in short supply, with no end in sight to Vale’s woes. There was some limited cargo booked from Itagaui to Qingdao at $12.00 for prompt dates.

 

Panamax

A relatively uneventful week finished with a positive outlook. It began slowly, with rates everywhere except South America coming under pressure. Surplus tonnage in the North Atlantic coupled with dwindling fresh enquiry in the Pacific continued this week. Prompt tonnage seeking to remain in the Atlantic was forced to face Arrival Pilot Station (APS) rates, mainly from North Coast South America.

Kamsarmaxes were fixed at $11,500 with no ballast bonus, but vessels willing to do trips to the East were able to fix from an active South American market. Rates rose slightly, with modern tonnage fixed in the upper $14,000s plus high $400,000s ballast bonus. Rates in the North Pacific dropped initially before recovering some ground later in the week, but mainly for the better described units, with tonnage fixing North Pacific rounds at approximately $9,500. With a change in tone on the paper market, charterers began to ask for period tonnage again, however, there were few trades evident.

 

Supramax

It was a flat week for the Baltic Supramax Index (BSI) with little movement. Period activity remained limited, but an Ultramax, open Japan, was fixed at $12,500 for six to eight months trading. The Atlantic market remained static, with limited fresh enquiry from the East Mediterranean-Continent areas. East Coast South America appeared more active, with better levels achieved. A 58,000dwt vessel fixed delivery for an Up River trip to the Arabian Gulf at $14,000 plus $400,000 ballast bonus. The US Gulf was finely balanced, with a 52,000-tonner fixing in the mid $10,000s for a trip with petcoke to the Mediterranean. Demand remained strong in Asia, however, tonnage availability was high, so as the week ended, rates eased. A 56,000dwt ship fixed delivery for a Singapore trip via Indonesia, redelivery China, at $10,000. Further north, an Ultramax fixed a North Pacific round, delivery Japan, in the $10,000s. The Indian Ocean saw activity, with a 57,000dwt vessel fixed delivery Damman for a trip to Kosichang at $10,750.

 

Handysize

Rates climbed again in both basins in the past week and the Baltic Handysize Index (BHSI) was well supported. It is now above 430, improving over 100 points since mid-February. On the period front, a 38,000dwt ship, delivery in Southwest Pass with prompt date, was booked for four to six months at $10,300, with redelivery in the Atlantic. A similar-sized vessel, also open in the US Gulf region, was booked for a grain trip to Morocco at $9,850. A 30,000-tonner was fixed for scrap cargo to the East Mediterranean at $8,000, delivery Tampa. From East Coast South America, a trip to the Mediterranean was reportedly concluded in the high $9,000s on a 32,000dwt vessel, and in the mid $8,000s for a coastal trip on a 28,000dwt vessel. A couple of fixtures were concluded in the $4,000s for a run from Iskenderun/Canakkale to E

gypt. In the East, the Pacific market remained firm in general, with improved numbers discussed and fixed. A small Handysize vessel was paid $7,500 basis Indonesia delivery for moving alumina, via Australia, to Singapore-Japan range. A 38,000dwt ship open CJK was fixed at a rate in the low $9,000s for redelivery in Southeast Asia.
 
NESTLÉ VIETNAM LAUNCHES CUTTING-EDGE DISTRIBUTION CENTRE IN HUNG YEN
Wednesday, 27 March 2019 09:02

Swiss-backed nutrition firm Nestlé Vietnam inaugurated its Hung Yen distribution centre yesterday, its biggest in the northern region, as testament to the company’s commitment to long-term investment, sustainable and inclusive development in the Vietnamese market.

The Bong Sen centre, located on the premises of the Nestlé Bong Sen production plant in Thang Long II Industrial Park in Hung Yen province’s My Hao district is kitted out with most state-of-the art production and management technologies, such as Obiter Robot and SAP, helping the company to optimise storage, while reducing workplace risks for workers.

 

Nestlé Vietnam is the first company in Vietnam to make efforts to use cutting-edge automation technology Obitor Robot in its Vietnamese distribution system.

 

The new centre will help significantly shorten distribution time of the company’s products to consumers in the northern and north-central regions, while propelling the development of the local economy.

 

The new centre will help significantly shorten distribution time of the company’s products to consumers in the northern and north-central regions, while propelling the development of the local economy.

 

Also on the occasion, Nestlé Vietnam announced the plan to add MILO instant drink production lines to its Nestlé Bong Son plant, helping to double the plant’s production capacity.

 

The plan helps scale up Nestlé Vietnam’s total investment in Hung Yen province to more than $100 million by 2020.

 

Addressing the event, Bui The Cu, Deputy Chairman of the Hung Yen People’s Committee, hailed the company’s significant contribution to the province’s budget despite its short operations from May 2017.

 

“With the new distribution centre, Nestlé’s quality products will come to consumers faster and more hygienically, while reducing transportation time, costs, and related risks,” said Cu.

 

He also praised Nestlé for its leading role in 4.0 technology application – through the application of Obiter Robot technology in the distribution centre – to optimise the use of land and assure labour safety.

 

“I hope Nestlé will be an example for other enterprises to follow,” Cu added.

According to Beatrice Maser Mallor, ambassador of Switzerland to Vietnam, Nestlé’s long-term investment vision for and commitment to Vietnam reflects the country’s potential as an increasingly attractive business location.

 

“Nestlé in Vietnam is much more than just a range of popular consumer goods. The Nestlé brand is intrinsically linked to some of Switzerland’s core values. Among these is an uncompromising commitment to the highest possible quality standards.”

 

“This new distribution centre, with modern facilities, including the use of robotics, will contribute even more to better food hygiene in Vietnam, thus enabling the healthier and happier lives of Vietnamese consumers,” she said.

 

Nestlé Vietnam’s managing director Ganesan Ampalavanar said the launching of the Nestlé Bong Sen distribution centre is a testament to the company’s commitment to long-term investment, sustainable and inclusive development in Vietnam.

 

“We are happy to see that the Nestlé Milo brand recorded an impressive growth in the northern region nearly two years after the Nestlé Bong Sen plant was put into operation in Hung Yen, and that it is listed among the premium nutritional drinks by consumers,” said Ampalavanar.

 

In Vietnam, Nestlé operates six factories with more than 2,300 employees. Through continuous investment expansion, the company’s total investment capital in Vietnam has reached $560 million.

 

Nestlé Vietnam was conferred a certificate of merit by the Ministry of Planning and Investment for its outstanding achievements in Vietnam’s 30-year foreign investment journey and was listed as one of the 10 most sustainable businesses in Vietnam in 2018.

 
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