Growth is not as expected
According to Vietnam Maritime Administration, in the first quarter of 2019, Vietnam’s seaport system received more than 128 million tons of goods, an increase of 7% compared to the same period in 2018, of which container cargo reached nearly 4.1 million TEUs. . The above result is due to the increase in import and export turnover in Vietnam. Specifically, in the first quarter, export turnover reached US $ 58.51 billion, import turnover reached nearly US $ 58 billion, up 4.7% and 8.9% respectively over the same period last year. .
Forecast of cargo throughput in the coming time, Mr. Trinh The Cuong, Head of Maritime Transport and Service Department (Vietnam Maritime Bureau), said that the volume of goods through the port during the time In the coming time, it will continue to maintain the growth rate when a series of big shipping lines such as Maersk, SITC ... continuously opened more service lines to make goods at seaports in Hai Phong and Da Nang. and Cai Mep - Thi Vai.
Quarter I / 2019, also recorded total revenue from production and business activities reached nearly VND 2,900 billion, profit reached VND 46 billion of Vietnam Maritime Corporation (Vinalines). In particular, the volume of sea transport is estimated to reach more than 5.2 million tons, container output is about 74,000 Teus. The port sector has a throughput volume of nearly 24 million tons (up 24% over the same period in 2018), container volume reached more than 1,150 Teus (up 42.1% over the same period).
However, according to the evaluation of some maritime transport enterprises, revenue in the first quarter of 2019 was not as expected. Specifically, according to Mr. Nguyen Hanh Phuc, Head of the Service and Import-Export Department of Tai Phat Cargo Services Co., Ltd., the first quarter of 2019 profit of the Company is 25-30% lower than the quarter. I / 2018. The main reason Mr. Phuc pointed out is that the number of ships of foreign transport enterprises has continuously increased in recent years. Along with that, the fact that foreign transport enterprises opened more new flights in Asia also made domestic enterprises face more fierce competition.
Worry costs increase 8-12%
“Most small transport businesses usually only operate in intra-Asia routes, when foreign transport enterprises with large, heavy-duty fleets are much more competitive than transport firms. Downloading Vietnam, it is very difficult for Vietnamese enterprises to compete on price. Therefore, in addition to the orders that we signed and made contracts from the end of 2018, we almost did not get any new orders for the first 5 months of this year. In the following months, we intend to link with 3 more carriers to increase the cost to reduce costs, thereby creating more competitiveness for orders ”, Mr. Nguyen Hanh Phuc divided share.
Talking to reporters from the Customs Newspaper, Ms. Bui Phuong Thao, Deputy Director in charge of Import-Export Department (seaport block) Thien Hoa Forwarding Transport Trading Co., Ltd. said in the The next month the company has determined that it will be difficult because according to the announcement of the World Maritime Organization (IMO), from the beginning of 2020, all shipping companies must comply with the reduction regulations. maximum sulfur content in fuel from 3.5% to 0.5% to reduce emissions. Compliance with this regulation will affect shipping rates, especially at the end of the year when the volume of import and export goods is quite large.
“Some shipping lines have announced the adjustment of BAF fuel surcharges, in particular to increase from US $ 70-100 / Teus on some routes, according to our calculations, this increase will increase 8-12% shipping fee. So surely our revenue will also be affected. While supply is increasing, the number of foreign shipping lines is increasing. Notably, import and export goods are now designated by shipping partners by foreign partners, so the competition on the remaining orders is even more severe, ”said Ms. Phuong Thao.
