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:

Ninh Thuan looks to become national renewable energy centre
Agricultural projects creating stable employment in Cambodia
Flower festival embellishes Da Lat
PM hosts official welcome ceremony for Japanese counterpart
Japanese PM arrives in Vietnam for official visit
Hanoi’s iconic lake gets facelift
Oldest bookstore on Dinh Le Street in Hanoi
Ngoc Vung island, worth-discovering off-the-beaten-track pearl
Teen boy murders mother with friend’s help to steal money
Yen Thinh offers fresh challenge for mountain climbers
Efforts to find 22 victims in mountain landslide hitting army barracks
Reviving a popular destination
Party, State leader receives Japanese Prime Minister
2030 Business Club presents gifts, scholarships to Binh Dinh students
Premier “must-explore” tourist attractions in Ninh Thuan
Mainland China reports first local COVID-19 infections in nearly two months
Vietnam detects three new COVID-19 infection cases
Storm Nangka is forecasted to hit Vietnamese localities this afternoon
Vietnam reports three more people diagnosed with Covid-19
Three famous highland towns in Vietnam

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Hanoi celebrates Christmas with unity and love

Hình ảnh
Despite the cold weather this Christmas in Hanoi, the peaceful and festive atmosphere for the Catholic community and Hanoi’s townspeople remains undiminished. The streets are filled with joy and festive spirit, creating a vibrant and lively ambiance. Locals gather at St. Joseph’s Cathedral on Nha Chung Street to celebrate Christmas. The photos capture the joyous moments of the celebration. A Christmas of unity… Euphoria is in the air in Thach Bich Parish, Bich Hoa Commune, and Thanh Oai District as the Catholic community celebrates their most sacred holiday. Everyone comes together to decorate homes and light up the streets, especially on Thach Bich Church premises. Thach Bich Parish is a longstanding and prominent Hanoi Archdiocese parish with approximately 8,000 parishioners. It consistently upholds the spirit of ‘living a good life following the faith.’ The parish actively engages in economic development and contributes to social activities, working together to build a prospero
Đọc thêm

Promoting Cuba to the Youth: Efforts of HCM City’s Vietnam – Cuba Friendship Association

Hình ảnh
The Vietnam – Cuba Friendship Association’s chapter in Ho Chi Minh City (VCFA HCMC) will continue to promote people-to-people diplomacy activities to increase understanding between the people of Vietnam and Cuba as well as between HCM City and Cuban localities in particular, contributing to further intensifying the special relations between the two countries. This orientation was approved at the third congress of the association for the 2023-2028 tenure held in HCM City on December 28, VNA reported. Truong Thi Hien, chair of the Vietnam – Cuba Friendship Association in Ho Chi Minh City for the 2023 – 2028 term, spoke at the congress. Photo: HUFO Accordingly, the VCFA HCMC will focus on promoting communication activities, including setting up a YouTube channel named “Cuba – The Beautiful Island”, to introduce the country and people of Cuba to people from all walks of life, especially young people, and the importance of the Vietnam-Cuba relations in the new situation. A
Đọc thêm

Young individuals in traditional attire captivate foreigners’ attention in Hanoi

The event, organized by young enthusiasts of Vietnamese traditional costumes, showcased various traditional garments including nhat binh (square-collared garb), ngu than (a five-paneled aristocratic gown from the 19th and early-20th centuries), and ao dai (Vietnam’s traditional long gown), among others, as well as traditional hats. Foreign tourists were impressed by young people dressed in unique and colorful traditional outfits. Many of them used their smartphones or cameras to capture the essence of the event, which was filled with Vietnamese culture. Nguyen Nga, a member of the organizing board, explained that the aim of the event was to promote Vietnamese traditional costumes to the public. While ao dai is already well-known, many people are not familiar with other types of traditional costumes, which are also valuable parts of the country’s heritage, Nga added. Daniel, a British tourist, expressed his excitement when he came across the event during his stroll in Hanoi. It was t
Đọc thêm