MARKET NEWS

OPENING THE DOMESTIC CONTAINER SHIPPING ROUTE AT CHAN MAY PORT IN EARLY DECEMBER 2022

The domestic container shipping route at Chan May port (Thua Thien - Hue) will be officially opened and put into operation in early December 2022.

EXPORTS TO THE EU ARE STILL MODEST DUE TO THE FEAR OF VIETNAMESE ENTERPRISES

Although export turnover to the EU market has such a high growth rate, the number of enterprises participating in exporting to this market is not commensurate with the potential...

THUA THIEN - HUE STARTED THE PROJECT OF GILIMEX INDUSTRIAL PARK WITH AN AREA OF MORE THAN 460 HECTARES

Gilimex Industrial Park in Thua Thien - Hue Province was built with the orientation of being a green, clean general industrial park with advanced technology, high-tech industry, modern light industry in accordance with international standards, environmentally friendly...

HAMBURG PORT REPORTS DROP IN CONTAINER THROUGHPUT IN 2022

The Port of Hamburg reported lower cargo throughput in the first nine months of the year compared to the same period in 2021. Specifically, the German port handled 6.3 million TEUs from January to September 2022, a decrease of 2.7% compared with the same period last year.

NUMBER OF CANCELED TRAINS INCREASES RAPIDLY ON TRANSPACIFIC ROUTE

As reported by Sea-Intelligence, the number of canceled trains has increased sharply on the trans-Pacific service, but not so much on the Eurasian route.

ESTABLISHED HANOI LOGISTICS ASSOCIATION

On November 12, Hanoi Logistics Association (HNLA) was officially established and launched. Mr. Tran Duc Nghia, Director of Delta International Joint Stock Company was elected as Chairman of the Association for the term 2022-2025.

CONTAINER QUANTITY OF GOODS IMPORTED INTO THE US DROPPED SHARPLY

According to the latest McCown report, import container throughput fell 5.5% in September. This is a decline not seen since the early stages of the pandemic and is larger than the 0.3% seen in the previous month July and 0.6% in August.

UTILIZATION OF GLOBAL CONTAINER SHIPPING VESSELS IS AT A LOW LEVEL

The efficiency of using container ships globally is at a low level, especially on the trans-Pacific and Eurasian routes, causing the container freight rates to drop continuously in the past time.

COSCO SHIPPING COOPERATES WITH FAW GROUP TO DEVELOP THE AUTOMOTIVE SUPPLY CHAIN

Cosco Shipping - China's shipping giant - and auto manufacturer, FAW Group, have signed a strategic cooperation agreement to develop the supply chain for the automotive industry.