Transport enterprises, seaports race to report profits

Transport enterprises, seaports race to report profits

The market recovered, and the higher freight rates helped port operators and shipping companies to make large profits after a long time of losing business.
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The Maritime Corporation made a profit of trillions of dong

The Maritime Corporation made a profit of trillions of dong

In 2021, Vietnam National Shipping Lines reported a profit of 3,700 billion dong while in previous years it lost hundreds of billion dong.
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More shipping routes connecting Vietnam with the US

More shipping routes connecting Vietnam with the US

MSC has just launched a new shipping route, directly connecting ports from Vietnam and Diem Dien (Shenzhen, China) to the US East Coast.
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Sea freight charges increase sharply because of US West Coast port congestion

Sea freight charges increase sharply because of US West Coast port congestion

The wave of imports from Asia into the US created a "bottleneck" at West Coast ports, causing a shortage of containers and skyrocketing ocean freight rates.
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Global shipping is disrupted again due to floods

Global shipping is disrupted again due to floods

The floods in China and Europe continue to deal a blow to global supply chains.
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Shipping enterprises actively upgrade their fleets

Shipping enterprises actively upgrade their fleets

Taking advantage of rising sea freight rates, many businesses actively hire, receive and plan to build new ships with large tonnage.
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