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Shipping industry profits continue to rise on surging demand

Shipping industry profits continue to rise on surging demand

High demand and tariffs continued to drive profits of shipping companies in the first quarter.
Shipping firms have wind in their sails as rates, demand surge

Shipping firms have wind in their sails as rates, demand surge

Many shipping companies are targeting double digit growth this year, mainly based on higher freight rates and recovering demand from the manufacturing sector.
April 24, 2022 | 08:17 pm PT
Vietnam's biggest port terminal to get even bigger

Vietnam's biggest port terminal to get even bigger

Vietnam is set to spend VND1.42 trillion ($62.17 million) on upgrading its biggest port hub, Cai Mep – Thi Vai, to receive bigger ships.
April 2, 2022 | 08:11 pm PT
Vietnam eyes $13.7 billion port upgrade to boost trade

Vietnam eyes $13.7 billion port upgrade to boost trade

Vietnam needs VND313 trillion ($13.77 billion) by 2030 to upgrade and optimize its port system to reduce dependency on road transportation and boost trade.
October 2, 2021 | 06:00 pm PT
HCMC delivery firms tell drivers to pay for Covid tests as city pulls plug

HCMC delivery firms tell drivers to pay for Covid tests as city pulls plug

Delivery companies in HCMC have told their shippers to pay for Covid-19 tests since the city is set to stop footing the bill.
September 24, 2021 | 08:25 pm PT
Delivery chaos ensues in HCMC with delays

Delivery chaos ensues in HCMC with delays

As HCMC tries to return to some semblance of normalcy, its people and businesses face a new frustration: delivery companies are not delivering despite the easing of restrictions.
September 19, 2021 | 11:48 pm PT
OECD wants Vietnam to open up transport sector to foreign investment

OECD wants Vietnam to open up transport sector to foreign investment

The Organization for Economic Cooperation and Development has called for Vietnam to open up its transport sector to foreign companies, especially roads and waterways.
September 5, 2021 | 07:48 pm PT
Be suspends all services, Grab limits working hours

Be suspends all services, Grab limits working hours

Ride-hailing platform Be has suspended all services starting Tuesday, while Grab limits drivers’ working hours to daytime amid the fourth Covid-19 wave.
July 27, 2021 | 02:19 am PT
Higher shipping fees hurt smaller firms

Higher shipping fees hurt smaller firms

Vietnamese exporters are struggling to send goods abroad despite high demand because of a nearly five-fold year-on-year surge in container shipping costs.
June 1, 2021 | 06:52 pm PT
​New Vietnam-US container shipping service launched

​New Vietnam-US container shipping service launched

Swiss logistics firm Mediterranean Shipping Company has launched a new direct container service from Vietnam to the U.S.’s west coast.
April 13, 2021 | 07:52 pm PT
​Swiss shipper unveils new route from Vietnam to US east coast

​Swiss shipper unveils new route from Vietnam to US east coast

Swiss logistics firm Mediterranean Shipping Company has announced the launch of a shipping service that will connect Vietnam and China’s Yantian District with the U.S.’s east coast.
March 18, 2021 | 09:31 pm PT
Vietjet acquires 67 pct in express delivery startup

Vietjet acquires 67 pct in express delivery startup

Budget airline Vietjet has invested VND31.5 billion ($1.36 million) to acquire a 67 percent stake in shipping startup Swift247 which seeks to improve the linkage between air and road delivery.
February 19, 2021 | 09:41 pm PT
Cargo handling up 14 pct in Vietnamese ports

Cargo handling up 14 pct in Vietnamese ports

Vietnamese ports handled 14 percent more cargo than they did last year, but just 24 percent of it was transported by Vietnamese ships.
December 25, 2019 | 12:24 am PT
Vinalines buys back illegally sold stake in central port

Vinalines buys back illegally sold stake in central port

State-owned shipping firm Vinalines has bought back its stake in a central port after illegally selling it to a private firm.
May 30, 2019 | 07:54 pm PT
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