Vietnam logistics report in first half of 2016

Maritime transport faces many difficulties by constantly falling rates

In general, the operations of the shipping business have faced many difficulties in the first half of 2016. The main reason is due to the imbalance, leading to excess vessels stiff competition, and continuous decline in freight rates.

According to the Vietnam Maritime Administration, in the first 6 months of 2016, the total output of the transport fleet by Vietnam implementation is estimated at 54.2 million tonnes, down 4% from the same period last year and reached 43% of year target 2016 (125 million tonnes). Business activities of enterprises Vietnam maritime transport remains generally difficult.

As reported by the Viettelcargo, in the first 6 months of 2016, the revenue from dry cargo fleet decreased by 16%, down 2% container fleet and tanker fleet came down 20% over the same period last year. At the same time, production and business efficiency of this sector also fell over the same period in 2015.

Such constraints were due to the imbalance, excess of vessel fleet that lead to stiff competition and freight rates was declining continuously. Chartering rates and time charter flights fell by 30-50% for the 2015. Besides, shipping foot lease in the region and international relatively thin, low freight rates. In addition, the technical condition of the fleet is not suitable for extraction in areas requiring high standards or distance itineraries having good rates.

For inland transport operations, the flag fleet Vietnam has undertaken nearly 100% of the domestic transport of goods by sea. Particularly for container ships, after the implementation of the direction of the Ministry of Transport (MOT) to restrict foreign participation in inland transport, the number of container ships for Vietnam inland transport combinning in Southeast Asia has increased by 36 ships.

In the first 6 months of 2016, output of goods through the port increased rapidly, reaching 4.7 million tons, equivalent to 45% of total production from the start-line deployment. The goods are transported on the coastal route mainly coal, slag, stone, earth, metal, fertilizers, cement, ore, fuel oil

Regarding fleet structure, by the end of the month 6/2016, Vietnam has a total of 1,898 ships with a total capacity of nearly 5:15 million GT, total tonnage of 7.98 million DWT. According to the data of the Vietnam Register, Vietnam currently has 1,458 seagoing vessels.

By superthon95