At a press conference of the Ministry of Transport last week, Deputy Minister Nguyen Hong Truong said 90 percent of the ships that had anchored at overseas ports for a long time of the Vinasin Ocean Shipping Company or Vinashinlines were sold.
An underground pipeline of 240 km long will be built to link from the Sekong and Attapeu plateaus of Laos to Quang Nam province of Vietnam, with a total investment of approximately $250 million.
MAERSK Line CEO Soren Skou is now relying on the P3 vessel-sharing Alliance with CMA CGM and MSC to cut costs and reduce capacity on the Asia-Europe route, after admitting the company misjudged demand strength when ordering twenty 18,000-TEUers in 2011.
