• 2008 April 10 13:10

    Vinalines plans to invest about US$3bil in development through 2010

    Viet Nam National Shipping Lines (Vinalines) plans to invest about US$3bil in development through 2010, Mai
    The money would mostly be invested in the building and development of its flotilla, the upgrade of seaport infrastructure and the development of transport services, Phuc added.
    Vinalines is currently building new ships and buying second-hand ones from foreign partners to increase its total ship capacity from 2.1mil tonnes by the end of 2007 to 2.8mil tonnes by the end of 2008, and up to 5mil tonnes by 2010.
    Current ships will gradually be replaced with more modern vessels. Ships with a capacity of 25,000-30,000 tonnes will be replaced by those with 50,000-70,000 tonne capacity.
    Phuc said that Vinalines would have 11 projects related to seaport infrastructure development in 2008, including Hai Phong's Lach Huyen International Seaport, HCM City's Hiep Phuoc Seaport and the second phase of the Tien Sa seaport project in Da Nang.
    Regarding Vinalines' biggest seaport infrastructure project in 2008 - the construction of the Van Phong International Ship Container Terminal - Phuc recently confirmed in the Giao Thong Van Tai (Traffic and Transport) Newspaper that the project would be launched this June.
    The building of Vietnam's first international ship container terminal was supposed to have started on January 25 this year, but the work was delayed to allow South Korea's Posco to build a $5bil steel mill in the vicinity.
    Vinalines will also invest in upgrading Nha Rong and Khanh Hoi ports in HCM City, along with Song Han port in Da Nang, into tourism seaports with developed cargo storage systems and logistical services. In the future, Vinalines will build three logistical service centres in the north, centre and south of the country.
    In order to garner proper finances for its investment projects, Vinalines plans to diversify its capital mobilisation channels, including loans from domestic and foreign financial institutions and loans from the State, building its plans to issue construction and enterprise bonds to the domestic and international markets, as well as towards establishing financial companies.
    Phuc conceded that the lack of a qualified human resource department would be a challenge for Vinalines' development plans.
    "Vinalines has been passive in human resource training," he said.
    The corporation has set a long-term plan by co-operating with the University of Maritime for human resource training to establish a maritime human resource training centre in the central province of Nghe An.
    In 2007, Vinalines had a total transported cargo of 24.9mil tonnes of cargo. Revenues reached VND14.6tril ($912.5mil), an increase of 26-51% over 2006.
    By the end of 2007, the total capacity of Vinalines' flotilla was estimated at 2.1mil tonnes, accounting for about 60% of the nation's total shipping capacity.
    The corporation is currently preparing to open representative office in key Vietnamese export markets such as Japan, the EU and the US. This year, the corporation is expected to complete its restructuring process.

2024 April 30

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2024 April 29

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12:14 New Zealand cruise market on track for recovery
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10:41 JERA Energy India begins operations as JERA’s base of operations in the country

2024 April 28

15:13 IACS publishes new recommendation for conducting commissioning testing of BWMS
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12:27 Philly Shipyard and HD Hyundai Heavy Industries sign MoU
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10:16 Gebrüder Weiss enlarges logistics center in Budapest
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2024 April 27

16:36 National Transportation Safety Board: Undetected flooding from a through-hull pipe led to capsizing of dredging vessel
15:49 Chantiers de l’Atlantique picks Brunvoll propulsion for the world’s largest sailing ships
14:31 US Navy announces first MCM MP embarked on USS Canberra
13:42 Interim president Michelle Kruger takes helm at Austal USA
12:17 DEME annnounces start of share buyback program
10:28 Ships with Korean-made LNG containment face key supply chain disruptions

2024 April 26

18:04 Seaspan celebrates 30 years of ship repair in Victoria
17:31 HMM enhances maritime safety with AI technology
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15:57 CMA CGM announces FAK rates from Asia to North Europe
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14:53 DP World and Asian Terminals launch new Tanza Barge Terminal in Cavite
14:23 MH Simonsen orders eight hybrid methanol dual-fuel tankers at China’s Jiangxi New Jiangzhou Shipbuilding
13:47 DP World and Malaysia’s Sabah Ports form a partnership to manage Sapangar Bay Container Port
13:22 SCHOTTEL to equip Guangzhou Port Group’s latest e-tug with two RudderPropellers type SRP 360
12:57 FESCO Group proposes a mechanism in favour of Russian logistics operators over their foreign competitors in domestic transport market
12:39 SSK shipyard launches the Project 14400 support ship Nikolai Kamov in the Nizhny Novgorod region
12:33 Six companies start a joint study for the establishment of an ammonia supply chain based in the Tomakomai area of Hokkaido
11:52 European shipowners welcome 40% production benchmark for clean shipping fuels in Europe
11:14 Greek shipowners leaders in the secondary market once again
10:08 MPCC secures ECA-covered sustainable financing for its dual-fuel methanol newbuildings
09:38 Romanian port of Constantza to receive a new oil products terminal

2024 April 25

18:07 MSC collaborates with GSBN to trial integrated safe transportation certification verification process
17:23 China launches construction of cutting-edge marine research vessel
17:06 CMA CGM and Bpifrance launch €200mln fund to decarbonize French maritime sector
16:46 Avenir LNG orders two 20,000 M3 LNG bunker delivery vessels
16:05 Port of Amsterdam revenues up to €190.4 million in 2023
15:46 OOCL launches Transpacific Latin Pacific 5 to offer express linkage between Asia and Mexico
15:23 MOL is 1st Japanese shipping company to raise funds through transition linked loan using performance-based interest subsidy system
14:53 Trident Energy enters the Republic of Congo with strategic deal
14:21 LNG-powered ship moored in Koper for the first time
13:38 MABUX: Bunker Outlook, Week 17, 2024
13:32 The Grimaldi Group's Great Abidjan delivered in South Korea
13:12 European Parliament updates trans-European transport network guidelines
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12:10 MOL and Gaz System enter into agreement on FSRU project in Gdansk, Poland
11:31 Wartsila Gas Solutions to supply cargo handling system for a new 12.5k LNG bunkering vessel for Scale Gas
11:09 Wartsila secures China’s largest-ever methanol newbuild order
10:42 Valencia port community increases waste recovery by 75%
10:22 Kongsberg completes factory acceptance testing of the first production long-range autonomous underwater vehicle system HUGIN Endurance
09:53 Vladimir Putin: The BAM carrying capacity to reach nearly 42 million tonnes in 2024
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2024 April 24

18:02 Incat to commence design study for new electric-hybrid ferry in partnership with DFDS
17:39 FESCO's 2023 revenue was up 6% Y/Y to RUB 172 billion
17:20 Peninsula adds chemical tanker Aalborg to supply in the Port of Barcelona
17:17 NCSP Group’s Q1 net profit rises 1.9 times to RUB 4.8 billion
17:03 AtoB@C Shipping reveals names for the rest of its new hybrid vessels
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16:17 Wallenius Wilhelmsen signs a 20-year lease agreement with the Georgia Ports Authority