20,000 DWT oil tanker worth US$14.3 million. It is scheduled to receive another in September. The company had offered to sell 20 million shares to its existing shareholders with a view to raise its charter capital to VND560 billion (US$24.3 million) from VND360 billion (15.6 million), ensuring capital investment to purchase one more tanker.
Hai An Transport and Unloading Joint Stock Company (HAH) signed a contract to build a 1,800 TEU container vessel. In April this year, HAH purchased two more container vessels. They are now in operation on international and domestic routes. The company has also invested in more containers and the first batch was put into use from late May this year. The purchasing of containers offers more options to shipping companies facing a shortage due to the impacts of the pandemic.
Earlier in the year Gemadept Joint Stock Company (GMD) launched a 248 TEU barge. This is one of the five barges Gemadept bought from SSMI Shipbuilding Company. The new investment has helped to raise transport capacity, saving costs, reducing shipping time while still meeting customer demand. Gemandept also bought six rubber type gantry cranes (RTG) to maximize cargo loading and uploading capacity at Cai Mep seaport.
Hoa Phat Shipping Joint Stock Company, a member of Hoa Phat Group, also completed the purchase of two 90,000 TEU vessels in the first quarter this year for transportation of coal and iron ore. By doing so, Hoa Phat has been proactive in plans to import raw materials for its steel production factories and minimize the risks after the sudden rise in shipping costs.
Hoa Phat group also plan to buy more vessels to serve the construction of Hoa Phat Dung Quat 2 iron and steel factory project in Quang Ngai Province. The project is expected to be built over the next three years and become operational in 2024.
The outbreak of COVID-19 causes a huge disruption to the global supply chains and shipping costs skyrocketed around the world. The pandemic has prolonged the unpacking and rotation cycle of containers, while the recent rise in export goods headed to Europe or the US has caused a shortage of empty containers.
Some shipping lines said that the number of shipments leaving Viet Nam for other countries had not fallen, and even increased on some routes, but freight prices had been higher due to the lack of containers.
In recent years, the total container traffic of domestic shipping companies has risen rapidly. The total volume of goods passed through Viet Nam sea ports has increased from 442 million tonnes in 2017 to 689 million tonnes in 2020.
Deep-sea port systems have always played an important role in the shipping industry as the deeper draft and longer berths are an indispensable trend of marine economies.
