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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-5-8<br />

Vietnam National Transport Strategy Study (VITRANSS)<br />

<strong>Technical</strong> <strong>Report</strong> <strong>No</strong>. 8<br />

Shipping and Ports<br />

plan with two phases, i.e., up to 2000 and 2001-2010. Some significant events<br />

occurred in the late 1990s supporting the fleet development plan as follows:<br />

• Domestic coastal shipping traffic doubled during the period 1995-1998 and is<br />

being served by larger vessels that were used in overseas shipping.<br />

• Container liner operation commenced in 1998.<br />

• Nghi Son Cement constructed its private port.<br />

The VITRANSS thus used the fleet development plan for 2001-2010 prepared by<br />

the JICA study and modified and extended it toward year 2020.<br />

Table 5.3.1<br />

Fleet Development Plan for Overseas Shipping<br />

Year Type Size Number<br />

2000-2010<br />

2011-2020<br />

Container ship<br />

Crude oil tanker<br />

Oil product tanker<br />

Bulker GC vessel<br />

Container ship<br />

Crude oil tanker<br />

Oil product tanker<br />

Bulker GC vessel<br />

* Proposed Strategies *<br />

• Expansion and modernization of Vietnamese flag fleet to meet traffic<br />

demand under a competitive business environment.<br />

• Formulation of varied arrangements to manage the acquisition plan (e.g.,<br />

hiring bare boat for charter services, leasing secondhand vessels, etc.) in<br />

light of limited financial resources.<br />

• Strengthening of the Vietnam Ship owners Association (VSA) to further<br />

boost the interest of ship owners in bargaining with government their fleet<br />

expansion plans.<br />

800-1,200 TEU<br />

90,000 DWT<br />

25,000-30,000 DWT<br />

24,000-35,000 DWT<br />

18<br />

3<br />

8<br />

18<br />

Unit Price<br />

(US $mil.)<br />

17.0<br />

40.0<br />

25.0<br />

17.0<br />

Capital<br />

Requirement<br />

306<br />

120<br />

200<br />

306<br />

Subtotal 47 932<br />

1,200-1,500 TEU<br />

90,000 DWT<br />

25,000-30,000 DWT<br />

24,000-80,000 DWT<br />

10<br />

5<br />

10<br />

20<br />

26.0<br />

40.0<br />

27.5<br />

26.0<br />

260<br />

200<br />

275<br />

520<br />

Subtotal 45 1,255<br />

2001-2020 TOTAL 92 2,187

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