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:

Hanoi medical staff set off to help southern Covid-19 hotspot
More toys, less screen time
People pin hopes on leaders of new tenure
Pu Luong – a paradise amidst jungle for travellers on budget
Vietnamese, Cuban Party leaders hold phone talk
Hanoi disinfected to curb COVID-19 spread
Hanoi restaurants win 2021 TripAdvisor’s Awards
Walking in Green Tranquility: Lotus Pond at Ninh Binh’s Mua Cave
Vietnam Tightens Google, Facebook Ad Regulations
The salty odour of Tet in a coastal fishing village
Special 10th grade entrance exams for students in Hanoi
Vietnam joins global peers in developing digital money
Vietnam signs three COVID-19 vaccine technology transfer constracts
HCM City sets up four more COVID-19 hospitals
Vietnam Receives Two Honorable Mentions At International Photo Contest
How the Viet Minh Front led the Vietnamese revolution to success
Phu Quoc among world’s 100 greatest places
Photography exhibition launched to highlight Vietnam’s fight against COVID-19
Vietnam produces first test batch of Sputnik V vaccine
6 Creative Banh Mi Dishes in Vietnam

Nhận xét

Bài đăng phổ biến từ blog này

British Businessman and His Passion for Vietnamese Cuisine

Vietnamese artist achieves silver medal in international manga awards

Hanoi and HCM City Prepare for Spring Flower Markets