VIETNAM TO BE MORE ATTRACTIVE TO GLOBAL CARRIERS IN PORT DEVELOPMENT
After the Covid-19 pandemic, many carriers have gained some profits to divert the surplus of capital into other businesses besides traditional activities. One of the interest fields is the port industry, which carriers recognized as a bottleneck in the crisis of covid pandemic. The port congestion has been a major trouble to the supply chain as not well prepared sufficiently for the rocket rising demand of the market.
In Vietnam, many carriers have invested in some major terminals like in North Vietnam there are MOL and Maersk invested in the Lach Huyen area. MOL and Hanjin with TCIT, CMA-CGM with Gemalink, and Maersk with CMIT in the Cai Mep-Thi Vai area in South Vietnam. This latter area has become attractive with a natural deep water channel and convenient connection with local cargo hinterland in Dong Nai, Binh Duong, Hochiminh City, and the Mekong Delta. At the moment, there are 22 routes to connect America, 2 with Europe, and 10 for Intra-Asia (10 times against that of 2013).
Besides, this location is very potential for international transshipment hubs or regions like Singapore and Malaysia as it locates on the main international maritime transportation. This is also a reason for the largest container operator at this time (with a capacity of over 500 vessels of various sizes including 24,000-teu ships, handling over 24 million teus annually), MSC pays attention to a new ambitious mega project in Can Gio, Hochiminh City on the mouth of Cai Mep – Thi Vai channel. The 16-million-teu-capacity project (5 billion USD) is a joint venture between the MSC subsidiary – Terminal International Limited Holding (TiLH) and Saigon Port JSC. The potential benefits of the project have drawn interest from Vietnam governments and businesses so far.
With the development of local import/export cargo in Vietnam as well as in the Asian region, such kind of projects will help Vietnam position higher in the global maritime map as well as keep the transportation cost lower as better connectivity of the new hubs.
By Thomas
Voltrans Logistics – Your Ware Our Care