News

Coffee exports end 2014 on high note

Vietnam's coffee exports for the year ended 2014 surged 32% in value on-year to a new record high of US$3.6 billion, according to the Vietnam Coffee and Cocoa Association (Vicofa).

Seafood exports reach $7.9b in 2014

Viet Nam Association of Seafood Exporters and Producers (VASEP) general secretary Nguyen Hoai Nam said the world market had seen a recovery, and sales of seafood products has risen more than other types of food. Meanwhile, Viet Nam maintained stable and high quality seafood supplies, as the nation was estimated to gain a year-on-year increase of 18 per cent in seafood export values for this year, rising to $7.9 billion, reported vietnamplus.vn.

VN cashew exports approach new high

Viet Nam expects to gain US$2 billion from cashew exports this year, according to the Viet Nam Cashew Association (Vinacas). It added that by December 15, the value of cashew exports had increased by 22.6 per cent year-on-year to reach $1.93 billion, reported Vietnam Economic Times newspaper.

90 percent of airports in Vietnam record losses

Only two out of 22 operational airports in Vietnam have reported profits, with losses attributed to the number of airports built several years ago when local authorities rushed to develop local economies. Within the last month, the strong recovery of the domestic transportation market occurred.

Capesize dry bulk carriers enter 2015 with mixed fortunes, with a positive and a negative scenario both emerging

The future of the Capesize dry bulk market appears to be engulfed from mixed “feelings” among analysts and market participants, despite the fact of the relatively positive performance of late. The “pessimists”, as described by shipbroker Allied Shipbroking’s latest weekly report, are negative regarding the future prospects of the Capesize market, at least during the first half of 2015, while things are not looking much better for 2015 as a whole.

Asia-Europe container volumes forecast to increase 7pc in 2015

CLARKSON Research's Container Intelligence Monthly predicts mainlane trade volumes on the Asia-Europe headhaul route will grow seven per cent to 15.6 million TEU in 2015, after the tradelane recorded eight per cent year-on-year growth in the first nine months of this year. The increase follows an uptick in volumes in the second half of 2013, with northern European imports giving the strongest performance.

OOCL joins other lines in putting off west coast congestion surcharge

HONG KONG's Orient Overseas Container Line (OOCL) has joined other shipping lines in rescinding its congestion surcharge for cargo entering North American west coast ports. "Further to our announcement released on November 25th, OOCL has decided to postpone the imposition of the Port Congestion Surcharge (PCS) on all cargo entering the United States via US west coast port or Canadian west coast Gateways," the company said.

Maersk cancels North Asia to US route in favour of 2M Alliance

Maersk Line will close down its Trans-Pacific 5 (TP5) US-flag service operated by its Maersk Line Ltd affiliate in January next year as part of a strategy to eliminate unprofitable Pacific services. The five ships on the route include four 4,300-TEU vessel formerly owned by Sea-Land Service and one ship chartered from Mediterranean Shipping Co (MSC).

Noi Bai Airport’s new terminal

The Noi Bai International Airport’s new international terminal will open on December 31 after a brief trial run from December 20- 25. Transport Minister Dinh La Thang said that along with the new terminal, the airport must invest in human resources so it could deliver high-quality services to international passengers.

Carriers seek rate hikes in Asia-Europe, as consumer demand picks up

SHIPPING lines are seeking a general freight rate hike to stick in July on the Asia-Europe trade after prices on services to northern Europe picked up steam. The latest figures from the Shanghai Containerised Freight Index show that freight rates on services from Shanghai to northern Europe increased by US$19 on a week ago to $1,202 per TEU.

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