Vietnam, Cambodia have quickest port turnaround occasions in ASEAN: WB | Enterprise

Vietnam, Cambodia have fastest port turnaround times in ASEAN: WB hinh anh 1

A view of Thi Vai-Cai Mep in Ba Ria-Vung Tau. (Picture: VNA)

Hanoi (VNS/VNA) – Container transport in Vietnam and
Cambodia had the quickest port turnaround occasions in ASEAN in June 2022 with
each international locations scoring a median of 0.9 days, in keeping with a World
Financial institution (WB) report.

International logistics information launched just lately in Washington have been amongst new key
efficiency indicators that complement the Logistics Efficiency Index (LPI)
for 139 economies, the WB mentioned.

Amongst different ASEAN members, Thailand had the second-fastest turnaround time of
1.0 day adopted by Malaysia and Singapore (each 1.2 days), the Philippines
(1.3 days), Indonesia (1.8 days) and Myanmar (2.0 days).

In a press release, the financial institution mentioned digitalisation was permitting rising
economies to shorten port delays by as a lot as 70% in comparison with these in
developed international locations.

“Whereas most time is spent in transport, the largest delays happen at seaports,
airports, and multimodal amenities,” mentioned Christina Wiederer, the financial institution’s
senior economist who co-authored the report.

“Insurance policies concentrating on these amenities will help enhance reliability,” she mentioned.

At 4.3 factors, Singapore was prime ranked, each inside ASEAN and worldwide. It was
adopted by Malaysia (3.6 factors), Thailand (3.5 factors), the Philippines and
Vietnam (each 3.3 factors) and Indonesia (3.0 factors). An rating for
Myanmar was not accessible.

Regardless of challenges equivalent to COVID-19, the financial institution mentioned logistics companies have been
“broadly resilient” for finest and worst performers worldwide.

“Even with the COVID-19 pandemic-induced disruptions to transport and the worldwide
provide chain disaster, the common total rating within the 2023 LPI was broadly the
similar as within the final survey in 2018,” it mentioned.

The LPI has six indicators: effectivity of customs and border administration
clearance, high quality of commerce and transport infrastructure, ease of arranging
competitively priced shipments, competence and high quality of logistics companies,
capability to trace and hint consignments, and frequency of on-time deliveries.

Just lately, main transport strains on the planet have invested within the development
and operation of seaports in Vietnam.

For instance, DP World Group of the UAE invested in and operates Saigon
Premier Container Terminal (SPCT) – HCM Metropolis; SSA Marine Company of the
US with Cai Lan Worldwide Container Terminal (CICT) in Quang Ninh
Province and SP-SSA Worldwide Terminal (SSIT) in Ba Ria-Vung Tau province;
PSA Group of Singapore with SP-PSA Terminal in Ba Ria-Vung Tau; APMT Group of
Denmark with Cai Mep Worldwide Terminal (CMIT) and Hutchison Port Holding
Group of Hong Kong with SITV Terminal in Ba Ria-Vung Tau as properly.

Higher seaport companies and rising transport calls for have attracted massive
transport strains to open routes from Vietnam to different international locations on the planet.
Lach Huyen wharf is able to accommodating vessels of as much as 132,000 DWT and
Cai Mep – Thi Vai wharf, 214,000 DWT or over 18,000 TEUs. Each week, almost 40
vessels depart from Cai Mep – Thi Vai Terminal, together with 18 to Europe and
America, and 10 to Asia, steadily making Vietnam an necessary hyperlink within the
world maritime chain. 

Direct service routes connecting main markets globally will create
alternatives for Vietnamese exports. The turnaround time of service routes
from Vietnam to the West Coast of the US used to take from 35 to 49 days. With
the AA3 direct service route operated by Wan Hai transport firm, the transit
time is 21 days solely. The USCW service of ZIM transport line has
the quickest route connecting Cai Mep – Thi Vai port with the West Coast of
the US with transit time down to fifteen days.

The Ministry of Transport accepted a plan to pick contractors for web site
survey consultancy, drawings preparation and bomb disposal to improve the Cai Mep
– Thi Vai port cluster from Buoy No.0 to the Cai Mep Container Terminal.

Work on the undertaking began in early February 2023 and will probably be accomplished in
2025 with complete funding capital of 1.4 trillion VND from the State finances.

Based on the Ministry of Transport, the navigational channel from buoy No.0
to the upstream of the Cai Mep Worldwide Terminal (CMIT) is designed for
ships of 160,000 deadweight tonnage (DWT) with a full load and 120,000 DWT
vessels for two-way operation./.

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