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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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Vietnamese Government to reduce dependence on foreign shipping

Policies to develop a domestic shipping fleet of container and large-tonnage ships Deputy Prime Minister Hoang Trung Hai has ordered government agencies to take measures to help local importers and exporters reduce dependence on foreign shipping lines.He said the Government will adopt policies to develop a domestic shipping fleet of container and large-tonnage ships for international routes.Relevant agencies were asked to upgrade infrastructure of marine ports and inland roads linking ports, to prevent foreign shipping firms from taking advantage of poor infrastructure to collect damage fees.The Vietnam National Shipping Lines was asked to cooperate with relevant agencies to draw up plans for developing a container fleet and training personnel.The Vietnam Chamber of Commerce and Industry was asked to negotiate shipping rates with shipping companies for transparent and reasonable charges and surcharges, so as to increase competitiveness in commodities exported from and imported to Vietnam.The Finance Ministry was asked to develop policies to adjust and supplement regulations relating to pricing and charges and if necessary, to issue further regulations on management of shipping charges and surcharges. The Ministry of Industry and Trade was ordered to consider and assess competitive issues relating to foreign shipping companies' imposing surcharges on imported goods.Earlier, Thanh ...

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Construction of a controversial transhipment port in Vietnam has been halted

$3.6bn transhipment port project Construction of a controversial transhipment port in Van Phong, Vietnam has been halted for at least a year."Construction will resume pending a decision by the Prime Minister", said Nguyen Ngoc Quy, director of the Vietnam National Shipping Lines (Vinalines) Management Board of Marine Projects No 1, in charge of managing the project, was quoted as saying Vietnam News Agency.The $3.6bn transhipment port project in the centre of Vietnams coastline had drawn criticism from the industry, which felt investment would be better made in areas with a significant baseload of cargo.The first phase of the port designed to handle ships of up to 9,000 teu in capacity was reported to be five months from completion. "It has been extremely difficult to mobilise capital for a huge project such as the Van Phong Port, current interest rates being so high," Quy said.Source: Seatrade Asia

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Danish vessel ran aground in southern Vietnam

Unexpectedly change of travelling direction to avoid hitting a fishing boat A 367-meter-long Danish container ship named Grete Maersk with a loading capacity of 115,000 tonnes went aground off Vung Tau coast in southern Vietnam Tuesday morning when it was on the way to Malaysia.Investigation showed that when approaching the sea buoy number 5 around Thi Vai harbor the vessel had to unexpectedly change its travelling direction, heading for the coast, to avoid hitting a fishing boat which suddenly got in its way.Big waves and strong winds helped the inertia to send the ship straight to the coast.It has been stuck in there so far despite efforts by local authorities to refloat it.The ship should have anchored in Vung Tau for one day only but the incident has kept it stay longer than initially planned, which caused much delay and damage to the ship owners and customersSource: Tuoi Tre

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