Want to be in the loop?
subscribe to
our notification
Business News
MAERSK LINE LAUNCHES DIRECT SERVICE BETWEEN BR-VT AND U.S. EAST COAST
Cargo can now be directly shipped from Vietnam to Newark, Charleston, Savannah and Miami in the U.S., thus cutting shipment time between Vietnam and the U.S. East Coast. For instance, it will take 25 days to carry goods from Vietnam to Newark, down from 28 days, 28 days to Charleston, 29 days to Savannah, and 32 days to Miami.
According to Maersk Line in Vietnam, two-way trade between Vietnam and the U.S. has grown strongly since the two nations normalized diplomatic ties two decades ago. Export and import volumes of containerized cargo have grown at double-digit rates.
The Trans Pacific Partnership (TPP) trade pact which Vietnam signed with 11 other Pacific Rim countries, including the U.S., in February this year will help boost two-way trade between Vietnam and the U.S. Therefore, Maersk Line’s new direct service and current shipping link between Ba Ria-Vung Tau and the U.S. West Coast form a complete shipping system and thus quicken cargo transport.
The shorter shipping time allows local enterprises to reduce costs and strengthen the competitiveness of Vietnamese goods like seafood, apparel and footwear.
The Ministry of Transport met last Thursday with leaders of A. P. Moller and the Maersk Group to allow the carrier to add more large ships to the Cai Mep-Thi Vai port complex.
Rene Piil Pedersen, Group representative for the Maersk Group in the Asia-Pacific region based in Singapore and managing director of A. P. Moller Singapore Pte Ltd., said that after the launch of the Ba Ria-Vung Tau-U.S. East Coast service, Maersk Line would bring container vessels of 18,000 TEUs with a length of 400 meters to Ba Ria-Vung Tau to carry cargo to northern Europe in 2017.
Deputy Minister of Transport Nguyen Van Cong said the ministry has allowed shipping lines to bring vessels with a loading capacity of over 18,000 TEUs to some terminals in Cai Mep-Thi Vai port complex. The ministry has a plan to dredge the navigational passage to a depth of 15.5 meters to allow in larger vessels.
Maersk Line is the world’s leading shipping firm providing container transport services with three brands Maersk Line, Saftmarine, and Sealand. It now has 374 offices in 130 countries with 25,500 staff and a fleet of 610 vessels with 7,100 sailors. The firm is holding majority stakes in MCC Transport in Asia, Seago Line in Europe, and Mercosul in Brazil. The Maersk Group owing Maersk Line has its head office located at Copenhagen, Denmark with 89,207 staff in 130 nations.
Source: The Saigon Times
Related News
DOING BUSINESS WITH CHINA 2.0
As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.
VIETNAM TAPS AI TO CONNECT MILLIONS OF WORKERS WITH EMPLOYERS
Vietnam’s Ministry of Home Affairs on April 14 launched a national job exchange at vieclam.gov.vn, a key digital platform designed to directly connect more than 53.6 million workers with nearly one million businesses. The platform goes beyond a conventional job portal, positioning itself as a nationwide data-integrated ecosystem. Its technological highlight is the use of artificial intelligence (AI) to automatically analyze and match job vacancies with workers’ skills and experience.
HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS
Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.
VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1
Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.
VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026
In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.
US$250-MILLION DEAL ADVANCES VIETNAM’S GREEN CREDIT PUSH
Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has secured a US$250-million sustainable financing package to support green agriculture and small and medium-sized enterprises (SMEs), marking a major step in mobilizing international capital for priority sectors. The facility was arranged in partnership with the Asian Development Bank (ADB), alongside international partners including the Japan International Cooperation Agency (JICA) and the Government of Canada.
























