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Sunday, November 27, 2022

Ports see Jan-Oct cargo throughput rising 3% y-o-y

The Saigon Times

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HCMC – Cargo throughput at ports nationwide reached 608.3 million tons between January and October, meeting 84% of the year’s target and rising by 3% year-on-year, according to the Vietnam Maritime Administration.

According to SSI Research, the shipping sector’s growth prospects remained grim in light of the weakening global economy.

However, many domestic port operators saw positive results in operation despite socioeconomic challenges.

In the north, the Port of Haiphong Joint Stock Company announced a consolidated pre-tax profit of VND222.2 billion in the third quarter of 2022, increasing by 20% year-on-year.

The Danang Port Joint Stock Company in the central coastal city of Danang recorded that cargo throughput and total services earnings between July and September rose by 3.4% and 14.4%, respectively.

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