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Friday, June 21, 2024

Vietnam strengthens monitoring of shipping costs

The Saigon Times

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HCMC – In response to soaring freight shipping costs, the Vietnam Maritime Administration has directed relevant agencies to enhance the monitoring of costs and surcharges listed by shipping lines.

This directive comes amid a significant rise in fees for container shipping to Europe and the Americas, with the global container index increasing by 12% to US$4,716 for a 40-foot container in the past week.

The Vietnam Maritime Administration has requested the enhanced monitoring of enterprises engaged in maritime transport services for container shipping by sea, ensuring they comply with regulations on price listing and surcharges as stipulated in Government Decree 146.

The maritime agency in HCMC has been tasked with leading and coordinating with the maritime agencies in Haiphong and the port authorities in HCMC, Vung Tau, and Haiphong. Their goal is to monitor data on price fluctuations and surcharges for shipping lines providing container transportation services to Europe and America.

These units are also expected to proactively collaborate with shipping line representatives in Vietnam to identify the causes of service fee changes and address any related issues.

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