News

INTERTANKO chairman Stephen Van Dyck is expecting delays for ships when the International Ship and Port Facility Security Code (ISPS) comes into force on July 1, but he believes it will not be a “train wreck”. ” As we close in on July 1, there are all kinds of theories …

The TT Club has delivered a stark warning to port facility operators that miss the July 1 deadline for ISPS Code compliance. Speaking at a recent terminal operators’ conference in Singapore Mr Nick Sansom, Principal Officer of the Club in South-East Asia, revealed that failing operators could well be left …

A Vietnamese cargo ship has been awarded an International Ship Security Certificate. The Hawk One, capable of carrying 15,000 tonnes and owned by the Vietnam Sea Transport and Chartering Co (Vitranschart) is the first Vietnamese vessel to receive the certificate from the Viet Nam Register Office. Addressing a ceremony held …

Vietnamese millionaires are rich enough to possess yachts. The only reason which makes them hesitate to purchase yachts is the poor infrastructure and the lack of marinas. How big the Vietnamese market? Duong Hong Thuy, Director of the Representative of China-based Heno Company, which specializes in making ship parts and …

Ho Chi Minh City-based Ben Thanh Tourist last Saturday launched a new cruise ship route connecting HCMC and Vung Tau. Owned by Sea-Gull Express Joint Stock Company, the ship can carry up to 300 passengers. During two hours on board, passengers can have a view of sceneries along the Saigon …

Naval ship INS Airavat of India berthed at Nha Trang Naval Academy military port in the central province of Khanh Hoa on July 19, beginning a four-day visit to the locality. On the occasion, Indian Ambassador to Vietnam Ranjit Rae also visited the province. Ranjit Rae and the ship’s commanders …

Prime Minister Nguyen Tan Dung has given the nod to a US$2.5 billion seaport project in Ca Mau Province proposed by the Ministry of Planning and Investment and the Mekong Delta province. The province has been told to complete procedures for the Hon Khoai seaport project while the ministry will …

Saigon Port Company Limited sold out 35.71 million shares bringing VND411.13 billion (US$18.83 million) in its initial public offering organized at the Ho Chi Minh City Stock Exchange on Tuesday. The sold shares account for 16.51 percent of the company’s chartered capital. Thirty nine investors attended the auction session, including …

To deal with chronic traffic congestion on a major road leading to Cat Lai Port in District 2, HCMC is seeking approval from the Government to build an overpass and a tunnel there. In its recent document submitted to the Government, HCMC proposes implementing the project at My Thuy Roundabout …

Tan Cang – Hiep Phuoc seaport, which is capable of handling 50,000-70,000 DWT ships, was inaugurated in Nha Be district, Ho Chi Minh City on May 19. Its construction, sprawling over 18.7ha, was divided into two phases at a total cost of 1.5 trillion VND (71.4 million USD). With a …