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Vietnam Shipping Report Q3 2009Published by: Business Monitor International Published: Jul. 10, 2009 - 84 Pages Table of Contents
AbstractThe last quarter saw Vietnam expand its presence on the global maritime map with the inauguration of thecountry's first deepwater container terminal at Tan Cang - Cai Mep, which is part of Saigon New Port.The terminal is expected to significantly expand shipping links between Vietnam and international portsand, since its opening in June, has been added as a port of call on Asia-US services operated by APL,MOL and Hanjin Shipping - the first direct container routes between Vietnam and the US. While theterminal is expected to allow Vietnam to profit from the long-term growth of its export sector, thedevelopment comes during a period of severe downturn for the country's maritime sector, which weexpect will continue to have an adverse effect on throughput levels over the duration of the year. In 2009 BMI predicts that tonnage throughput at Saigon New Port will decline by 19.1% to 23.3mntonnes with container volumes passing through the port falling by a forecast 17.5% to 1.663mn TEUs. Weexpect the recovery in Vietnam's shipping sector to begin in 2010, with throughput at the nation's portsforecast to record positive growth. The throughput trends at Vietnam's ports mirror the trade situation in the country as a whole, with totaltrade expected to decline by 14.1% in 2009. BMI forecasts a solid recovery to begin in 2010 with totaltrade expected to increase by 6.1% over the 2010-2013 period. As well as an in-depth analysis of Vietnam's shipping sector, BMI's Q309 Vietnam Shipping Report offersa global overview of the dry bulk, liquid bulk and container sectors and overviews of the 11 largestshipping lines and their strategies over the quarter to weather the downturn in trade volumes. Get Full Details About This Report >> |
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