Vietnam cargo rates to rise as smaller shipping lines fail: Gemadept
Gemadept Corp. (GMD), Vietnam’s biggest listed freight company, expects local cargo rates to rise from mid-2012 as the failure of smaller rivals eases competition.
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PIL adds Vladivostok to North Asia servicePacific International Lines (PIL) inaugurated its North Asia service to Vladivostok on a fixed day weekly basis, according to RIA Oreanda-News. Read more...NOL plans to buy giant container shipsSingapore’s NOL Group has signed letters of intent to build 12 new container vessels at a cost of US$1.54 billion. Read more...Vietnamese ships yielding to foreign ones on home market
Numerous ships and few goods have forced domestic fleets to “eat the bread of idleness”. Meanwhile, the appearance of foreign “big guys” on domestic transportation routes has pushed many Vietnamese ship owners to the verge of bankruptcy. Read more...Seaspan Adds 61st ShipContainer ship owner-charterer Seaspan took delivery of the first of new eight containerships with capacities of 13,100 20-foot-equivalent units. Read more... |
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