Technical Report No. 8 PORT AND SHIPPING
Technical Report No. 8 PORT AND SHIPPING
Technical Report No. 8 PORT AND SHIPPING
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I-3-10<br />
Vietnam National Transport Strategy Study (VITRANSS)<br />
<strong>Technical</strong> <strong>Report</strong> <strong>No</strong>. 8<br />
Shipping and Ports<br />
• Danang Maritime Transportation and Commercial Services Co.<br />
(DAMATOCOSCO in Danang)<br />
• Saigon Shipping Company (head office in Ho Chi Minh City)<br />
Saigon Shipping owns four cargo vessels (1,000 to 5,080 DWT) plying the<br />
Vietnam-southeast Asia-Vietnam route. It has 114 employees and 281 seafarers<br />
(Officers 138, Rating 143) and fields its crewmembers to foreign shipping<br />
companies from their own human resource pool. Saigon Shipping has entered<br />
into a joint venture with a foreign partner for container feeder services.<br />
Joint Venture Companies<br />
There are several joint venture companies in the maritime subsector, particularly<br />
in container feeder service, which can be considered successful such as<br />
GEMATRANS and APM-Saigon Shipping.<br />
1) GEMATRANS (Asia) Co., Ltd. is a joint venture between VINALINES and<br />
Compagnie General Maritime (CGM – France) and established in 1989. It is<br />
owned 51% by VINALINES and 49% by CMG. The line is now operating 11<br />
container vessels with a total capacity of around 4,000 TEU. With the expansion<br />
of their feeder network to cover major ports in southeast Asia, it is estimated that<br />
their current share in the total container carriage is around 30%.<br />
2) APM-Saigon Shipping is a joint venture between Saigon Shipping and AP<br />
Moller (Danish). Its feeder service operation started in 1997, with Saigon<br />
Shipping owning 25% of the stocks and APM, 75%. It now operates seven to<br />
11 middle-type container vessels under a chartered contract and runs to/from<br />
Hong Kong, Kaohsiung, Pusan, and Singapore. Its share is estimated at 30%<br />
of total carriage.<br />
Private and other Shipping Operators<br />
It was reported that there are several private ship owners particularly in inland<br />
waterway transportation operating mainly small-sized ships belonging to<br />
transport corporations.<br />
In the north, there is the <strong>No</strong>rthern Waterway Transport Corporation<br />
(NOWATRANCO) located in Hanoi. It comprises six inland waterway and riversea<br />
transport companies and four inland port operators. NOWATRANCO carries<br />
and handles containers and bulk and bagged cargo, such as coal, stone, sand,<br />
and gravel, on northern river routes.<br />
In the south, the Saigon Waterway Transport Corporation (COVASO) located in<br />
HCM City operates 24 vessels mainly steel barges, with an average of 250-300<br />
DWT with no power and towed by tugboat on Mekong Delta. These barges carry<br />
major commodities such as construction materials, cement and agricultural