Cai Mep

New box terminal at Vietnam’s Cai Mep already attracting alliance calls

Vietnam’s newest container terminal is open for business – completing a turnaround for the once under-utilised Cai Mep deepwater port.
Gemalink International Port (GIP), the fifth container terminal at Cai Mep, 50km south-east of Ho Chi Minh City, is a joint-venture between homegrown logistics group Gemadept and Terminal Link, a terminal operator part-owned by CMA CGM.
According to Alphaliner, the development of GIP has “quite some backstory”: the project was put on …

The post New box terminal...

https://theloadstar.com/new-box-terminal-at-vietnams-cai-mep-already-attracting-alliance-calls/

China-Vietnam sourcing shift enters phase two, bringing more box congestion

The manufacturing shift from China to Vietnam is moving up a gear, putting pressure on the country’s container supply chains.
With 2.4% GDP growth forecast by the IMF, Vietnam is on track to become one of the fastest growing economies in the world in 2020, as many others fall into lockdown-induced recessions.
For example, Singapore and Malaysia look set to suffer deep economic slumps, which would see Vietnam overtake the pair to …

The post China-Vietnam sourcing shift enters phase two, bringing...

https://theloadstar.com/china-vietnam-sourcing-shift-enters-phase-two-bringing-mounting-box-congestion/

Vietnam’s Cai Mep port gets set to benefit from supply chain switch from China

South Vietnam’s Cai Mep-Thi Vai container port recently saw the maiden call of 2M’s TP17 service – another milestone in the long-awaited comeback of the much maligned deepwater complex.
The 12,000 teu Seroja Lima was welcomed by the APM Terminals-operated Cai Mep International Terminal (CMIT), the second-largest of the port’s seven competing facilities and boasting a 25% share of volumes.
Jan Bandstra, CMIT’s general director, said the port’s volumes had grown hand-in-hand …

The post Vietnam’s...

https://theloadstar.com/vietnams-cai-mep-port-gets-set-to-benefit-from-supply-chain-switch-from-china/

CMA CGM finalises terms of sale of 10 terminals to Terminal Link JV

CMA CGM has finalised the terms of its sale of 10 terminals as it seeks to reduce its enormous debt burden.
The French carrier said would receive $968m in cash for the transfer of 10 facilities owned by the line to Terminal Link, a joint-venture. in which it holds 51% and Chinese port operator China Merchants the remaining 49%.
The carrier took strategic stakes in the box terminals: Odessa in Ukraine; the …

The post CMA CGM finalises terms of sale of 10 terminals to Terminal Link JV appeared...

https://theloadstar.com/cma-cgm-finalises-terms-of-sale-of-10-terminals-to-terminal-link-jv/

Flexport opens container freight station in Vietnam as supply chains shift

Flexport has partnered with Vietnam’s Indo Trans Logistics (ITL) to open a new container freight station (CFS) outside Ho Chi Minh City.
Located in Thu Dau Mot City, around 30km from the southern commercial capital, the cross-dock facility will serve as a vital hub for Flexport’s South-east Asia operations, the company said.
“As more businesses move to diversify supply chains, they are seeking strategic locations to better serve them,” Flexport noted.
“One ripple …

The post Flexport opens...

https://theloadstar.com/flexport-opens-container-freight-station-in-vietnam-as-supply-chains-shift/

New Loadstar LongRead: South-east Asia ports on the cusp of change

The increasing ability of Asia’s secondary ports to handle some of the largest box ships is leading container lines to increase direct port calls in the region.
According to the latest Loadstar LongRead, On the cusp of change, published today, “Japanese container line ONE has drawn up plans to add fifth weekly direct call at Vietnam in May – and it will be the first to access the northern part of …

The post New Loadstar LongRead: South-east Asia ports on the cusp of change appeared first on The...

https://theloadstar.com/new-loadstar-longread-south-east-asia-ports-on-the-cusp-of-change/

China-US trade war providing a business bonus for South-east Asian exporters

Shippers serving the US import market may have already begun voting with their feet and moving production out of China in response to the looming threat of a full-blown trade war between the world’s largest two economies.
The 90-day abeyance period agreed by Donald Trump and Xi Jingping on the sidelines of the recent G20 meeting in Buenos Aires may be too late for some in the trade, as new research from …

The post China-US trade war providing a business bonus for South-east Asian exporters...

https://theloadstar.co.uk/china-us-trade-war-providing-business-bonus-south-east-asian-exporters/