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Saturday, October 8, 2022

Cargo throughput at HCMC seaports declines

By Minh Hoang

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HCMC – Cargo throughput at ports countrywide climbed in the first seven months of the year, HCMC’s ports saw a considerable decrease in goods volume, according to the Vietnam Maritime Administration.

The total volume of cargo passing through the country’s seaports hit 433.83 million tons in January-July, up 2% year-on-year.

Quang Ninh, An Giang, Dong Thap, Quang Tri, Quang Nam and Dong Nai provinces saw sharp rises, with the largest increase reaching 110%.

However, the cargo flow and transit at key ports plummeted, with HCMC’s throughput dropping by 7.35% to 95.8 million tons and Ba Ria-Vung Tau Province’s throughput falling by 5% to 66.1 million tons.

Goods throughput in the provinces of Binh Thuan and Kien Giang fell sharply, from 17% to 19%.

In the first seven months, the containerized cargo volume passing through the seaports reached 14,927 million twenty-foot equivalent units, or TEUs, which is relatively equal to the same period last year.

In HCMC, container throughput fell by 3.41%. The provinces of Quy Nhon and Nghe An reported decreases ranging from 8% to 16%.

However, the number of passengers surged drastically by 85% in the last seven months following the Covid-19 pandemic, reaching 4.48 million.

The international and domestic shipping industries have faced severe challenges due to a variety of issues, including the pandemic, conflicts, fuel cost rises and global supply chain disruptions, said Tran Bao Ngoc, head of the Transportation Department under the Ministry of Transport.

According to SSI Research, supply chain disruptions will remain throughout 2022, particularly at the U.S. and European ports.

Still, international freight rates are expected to eventually fall due to lower demand.

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