Market restoration and bigger freights helped Vietnamese seaport and maritime transport enterprises, each state-owned and personal, acquire greater income within the first half of this yr.
Vietnam Nationwide Transport Strains (VIMC) made consolidated revenues of greater than VND6.2 trillion (almost $269.6 million), a 20 p.c enhance, and consolidated income of over VND1.1 trillion, doubling in opposition to the identical interval final yr.
In the meantime, the web income of HCMC-based Saigon Port JSC surged 155 p.c year-on-year. The corporate at present runs many ports within the metropolis, together with Tan Thuan, Tan Thuan 2, Nha Rong, Khanh Hoi, and Sai Gon-Hiep Phuoc.
Dong Nai Port JSC within the southern province of Dong Nai noticed revenues and income enhance 38 p.c and 35 p.c, respectively between January and June.
Income of Cam Ranh Port JSC within the central province of Khanh Hoa, and Quy Nhon Port JSC within the central province of Binh Dinh surged 118 p.c and 93 p.c, respectively.
Gemadept Company’s administration board estimated its first-half revenues at over VND1.4 trillion, up 19 p.c, and pre-tax income of some VND390 billion, up 38 p.c. The agency owns 4 ports within the northern area, one port within the central space, and three ports within the south. It plans to extend its share within the Vietnamese port market from 11 p.c in 2020 to 19 p.c in 2021, and 23 p.c in 2025.
Like seaport operators, maritime transport service suppliers turned income within the first half of this yr, primarily due to market restoration and bigger freights.
Maritime transport items of VIMC began making income after an extended interval of losses. Vietnam Ocean Transport JSC (Vosco), which suffered losses of almost VND120 billion within the first half of the final yr, recorded after-tax income of greater than VND220 billion within the first half of this yr, the very best since 2009.
In the meantime, Hai An Transport and Stevedoring JSC have been estimated to see pre-tax income within the first half of this yr greater than double.
By VIMC, the fast restoration of the China, U.S., and European economies amid Covid-19 outbreaks led to a larger demand for items and supplies, positively affecting the worldwide sea transport market.
Knowledge from the Basic Statistics Workplace confirmed Vietnam’s import-export turnover stood at almost $320 billion within the first half of this yr, growing over 32 p.c in opposition to the identical interval final yr. The number of products by way of seaports surged, with container outputs rising 24 p.c.
In early July, Drewry World Container Index (for container freight) stood at $8,399, surging 346 p.c in opposition to the identical interval final yr.
Following the Vietnam Affiliation of Seafood Exporters and Processors, at some ports, freight in mid-2021 doubled that of late 2020 and rose almost six occasions in opposition to early 2020.