Japan is looking to get involved in Vietrnamese ports and shipping sector
Increasing international interest in Vietnam's port sector The Japanese government, investors, contractors, and shipping lines are all looking to get involved in the Vietnamese ports and shipping sector, said the London-based Business Monitor International's (BMI) Vietnam freight transport report for 2011's third quarter, according to Vietnam News Briefs Service.Japanese interest in Vietnam's ports and shipping industry was surging, BMI noted, cited Kobe Steel as saying it will build its own US$244 million to $365 million port in Vietnam to secure iron nugget supplies.Mitsui OSK Lines (MOL) will deploy Europe-bound container vessels for the first time that will have a handling capacity of 6,500 TEUs. MOL will operate 10 such vessels through Vietnam on a weekly basis.Besides, Nippon Yusen Kabushiki Kaisha (NYK) was to launch freight services between Southeast Asian countries in association with state-run Vietnam National Shipping Lines (Vinalines).Kawasaki Kisen Kaisha ("K'' Line) along with a Vietnamese logistics firm will establish a joint venture in Hanoi to operate an international freight forwarding business by sea and air. The venture was also considering establishing a branch in Ho Chi Minh City.Meanwhile, Japan International Cooperation Agency was funding the bulk of the US$1.7 billion to Lach Huyen's new port project in the ...
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