Transpacific rates war breaks out as new arrivals undercut major liners
A rates war on the Asia-US West Coast tradelane is under way, as newcomer transpacific ...
Hai Phong Port Credit Alex Dao.
Vietnam has joined its neighbour, Thailand, in announcing plans to expand its container shipping fleet.
The Vietnam Logistics Business Association (VLBA) said last week that, over the next five years with a $1.5bn budget, it will build box ships, buy second-hand tonnage or lease vessels.
It expects them to be deployed on routes connecting Vietnam with China, South Korea, Japan, Malaysia, Singapore, India and the Persian Gulf.
Currently, there are ten Vietnamese companies active in container shipping, with a total fleet capacity of ...
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