More Room to Develop Vietnamese Shipping Fleet

Photo: thanhnien.vn
As of December 31, 2021, Vietnam’s fleet had 1,502 ships, including 1,032 cargo vessels. Photo: thanhnien.vn

Vietnam’s shipping fleet has recently undergone an increase in its performance to rank third in Southeast Asia and 22nd in the world overall, VOV reported, citing the UN Conference on Trade and Development (UNCTAD).

Back in 2019, the Vietnamese fleet was ranked fourth in ASEAN and 30th globally.

According to the information given by the Vietnam Maritime Administration, the country had 1,477 ships as of December, with a total tonnage of approximately 11.6 million DWT and a capacity of roughly seven million GT.

The transport fleet alone reached 1,009 ships with a total tonnage of about 10.7 million DWT and a total capacity of some 6.4 million GT. In addition, the number of bulk carriers stands at 709 ships, accounting for 70.3% of the overall figure.

Currently, the average age of the Vietnamese fleet stands at 16.5 years old, while the average age of the global fleet is 21.9 years old.

This year has seen the total volume of cargo by the Vietnamese shipping fleet estimated at 128.7 million tonnes, a decline of 13% compared to 2021.

The volume of imported and exported goods by the Vietnamese shipping fleet for international transport increased by 10%, equivalent to about 1.29 million tonnes, compared to 2021, with this mainly occurring on major transport routes such as China, Japan, the Republic of Korea, Southeast Asia, and some European routes.

The Ministry of Transport recently approved a project on Vietnamese merchant fleet development, aiming to handle as much as 10% of the country’s exports by 2026, and 20% by 2030, according to VNA.

A 2021 report by the Vietnam Maritime Administration (VinaMarine) showed that the volume of goods through Vietnam’s seaports has grown steadily for many years with an average rate of 13.8%.

Despite the negative impact of the Covid-19 pandemic, in 2021, it increased 2% year on year, reaching more than 703 million tonnes. The volume of container cargo was estimated at nearly 24 million TEU, up 6% year-on-year.

Illustration. Photo: baodautu.vn
Illustration. Photo: baodautu.vn

As of December 31, 2021, Vietnam’s fleet had 1,502 ships, including 1,032 cargo vessels – down from the 1,267 cargo ships in 2016.

In terms of the fleet structure, just a small part of the Vietnamese-flagged merchant fleet are container ships. That means that the fleet is mainly suitable for domestic or short regional coastal routes. According to the transport ministry, they cannot compete in the international shipping market, where the world is tending to develop larger ships to optimize costs.

Therefore, the project’s main goals include the development of a modern fleet, improving efficiency and quality, and greater integration into the international market.

The immediate focus is to build a fleet of container ships to work in the Asia-Pacific, with an objective to gain operational experience and set the foundation for long-haul trips in the future.

In recent years, the country’s ports have developed considerably in size, and are now able to accommodate the world’s largest ships.

Hannah Nguyen

The post More Room to Develop Vietnamese Shipping Fleet appeared first on Vietexplorer.com.

View more from VietExplorer:

The reasons that make Son Doong Cave to be a great wonder of the world
‘Workation’: The rise of a hybrid travel trend after the pandemic
Magical glow of lanterns in Hoi An ancient city
First day after social distancing lifted in Hai Duong
Sci-tech strengthens Vietnam’s shield against pandemic
More efforts made to make life greener
3 spiritual travel itineraries in the South of Vietnam
Plum blossoms season in Bac Ha White Plateau
Spratly archipelago – Beauty of resilience
Travel firms contribute to offsetting climate change with tree-planting tours in Hoi An
Vietnam overtakes Asia’s leading position of Bhutan in the happiness index: Russia Press
Old green trees – a special heritage of Hanoi
Seven flag towers popular with visitors in Vietnam
3 new stunning check-in spots in famous coastal province of Phu Yen
Can Tho introduces new tourism products and services in Hanoi
Exhibition spotlights congresses of Communist Party of Vietnam
Gas mask on to braise black carp for the Vietnam Lunar New Year
Inside an 240-year-old house of Hoi An
Moss season in Ly Son Island
Digital platforms used to promote Vietnam’s tourism

Comments

Post a Comment

Popular posts from this blog

A Taste of Australia: Ho Chi Minh City’s Exclusive Weekend Experience

Image
This year, for the first time, Taste of Australia will open its doors to the public in Ho Chi Minh City. A press release from the Australian Consulate General in the city announced that the event will showcase the finest Australian food, drink, and cultural experiences to locals and visitors alike. Taste of Australia aims to promote Australian premium produce to Vietnamese consumers and businesses through a variety of channels, including business and trade events, social media, and traditional media coverage. The event also seeks to enhance Australia’s global reputation as a provider of high-quality, safe, and sustainable food and beverages. Taste of Australia 2024 will feature a range of world-class offerings, including exquisite cuisine and beverages, family-friendly activities, and educational exhibits. It promises to be a celebration of Australian culture and hospitality. Attendees will have the opportunity to immerse themselves in a unique cultural showcase, featuring the Firs
Read more

France sets new records in 14-0 victory, Dutch, Swiss, and Romania secure spots at Euro 2024

The French national team, known as Les Bleus, achieved a remarkable victory in the European qualifying tournament, setting a new record margin of victory. The match took place in Nice, where Ethan Santos’ own goal and a goal from Marcus Thuram started the scoring spree. The 17-year-old Warren Zaire-Emery also got on the scoresheet before being forced off the pitch due to an ankle injury. The floodgates truly opened when Santos received a red card just 18 minutes into the game. Kylian Mbappe converted a penalty to make it 4-0, and the goals kept coming with strikes from Jonathan Clauss, Kingsley Coman, and Youssouf Fofana before halftime. The second half saw goals from Adrien Rabiot, Coman again, and Ousmane Dembele. Mbappe sealed his hat-trick with two more goals, including an incredible lob from just inside the Gibraltar half, marking his 300th career goal at the age of only 24. Olivier Giroud came off the bench to add the final two goals, ensuring the history books were re-written. T
Read more

Messi claims his eighth Ballon d’Or as the world’s best player

Inter Miami’s Messi, the winner of the award in 2021, played a crucial role in leading Argentina to their first World Cup title in 36 years in Qatar last season. The 36-year-old is now three Ballons d’Or ahead of his rival Cristiano Ronaldo, whose last win was in 2017 with five trophies in total. Messi has now finished in the top three a record 14 times, finishing as runner-up five times. “I couldn’t imagine having the career that I have had. Everything that I have achieved. The privilege of playing for the best team in the world, the best team in history. It is satisfying to win these individual awards. It is incredible to win the Copa America and then the World Cup,” said Messi. “All of the Ballon d’Or awards are special for different reasons,” he added. “I am happy to receive this recognition thanks to what we have accomplished with the national team,” Messi told Reuters. “This World Cup title that we had been chasing for so many years makes it even more special.” When asked i
Read more