Company news

Vietnam ports container volumes up 21% in the first 6 months

 28/07/2021

According to Hoang Hong Giang, Deputy Director of the Vietnam Maritime Administration (VMA), the volume of container cargo moved by Vietnamese ports increased by 21% over the same period last year, reaching more than 14.7 million TEUs in the first half of 2021.

Container moved by Vietnamese ports increased by 21% in the first 6 months of the year (Photo: Internet)

Mr. Giang said the volume of export cargo reached nearly 4.8 million TEUs, achieving a growth of 20% while import volume increased by 21%, reaching a total of more than 4.7 million TEUs.

The volume of freight cargo through Vietnam's seaports this year reached more than 425 million tons, up 6% over the same period in 2020, despite the effects of the Covid-19. Exports through this route totaled about 106 million tons, up 9% over the same period last year.

Mr. Hong Giang added that during the review period, the volume of transshipped goods in the country reached about 184 million tons, up 7% over the same period last year.

Statistics from the Vietnam Maritime Administration show that this year, a number of seaports in Vietnam saw a sharp increase in containerised cargo volume such as Thai Binh (65%), Dong Thap (56%), Quang Ngai (38%), Hai Rooms (16%) and Ho Chi Minh (9%).

According to Vietnam Maritime Corporation (VIMC - formerly Vinalines), the seaports under the management of the Corporation handled 67 million tons of cargo in the first half of the year and recorded a revenue of more than 4.5 billion VND, a year-on-year increase of 124%. Seaports earned a pre-tax profit of more than $42.9 million in the first half of the year, double that of the same period in 2020.

After prolonged losses, VIMC's shipping division has started to recover profits. The successful securing of multi-vessel charters along with the 5-fold increase in freight rates for the Eurasian maritime route contributed to the profit.

Mr. Le Anh Son, chairman of VIMC, said that the volume of goods transported will be negatively affected in the second half of the year due to the current Covid-19 outbreak in the South, where key economic and industrial zones are located.
 

SeaTrade Maritime