Wednesday, November 21, 2018 11:28:52 AM - Markets open
VN-INDEX 913.76 -5.26/-0.57%
HNX-INDEX 103.47 -0.44/-0.42%
UPCOM-INDEX 51.70 -0.36/-0.69%
Thousands of scrap containers stored at Cat Lai Port
Thanhnien.vn - 5/16/2018 9:51:37 AM
 (0 ratings. You must sign in to rate.)
Thousands of containers were left at Cat Lai Port in Ho Chi Minh City over the last few months because owners haven’t visited the customs department to complete the necessary procedures, causing both port companies and customs agencies a headache.
 
Ngo Minh Thuan, Deputy General Director of Sai Gon Tan Cang (New Port) Corporation, said that Cat Lai Port is in peak phase after the recent holiday season. At present, the amount of goods being left at Cat Lai Port is around 91.3 percent of capacity, of that the imported goods up to nearly 120 percent.
 
Due to the high amount of stored goods at the port, many imported containers are being left in a queue at Cai Mep and Tan Cang – Hiep Phuoc ports, before being moved to the final destination at Cat Lai Port.
 
In particular, at Cat Lai Port, the amount of long-day stored goods was very large, about 8,050 TEUs (1 teus equals one 20-foot container), including: 5,234 TEUs of plastic goods and waste-paper, and another 2,816 TEUs of goods that were stored for 90 days or longer.
 
The amount of goods is likely to remain at the port for the foreseeable future, according to Thuan.
 
Thuan said the increase of long-day stored containers has seriously affected operations at Cat Lai Port and the progress of cargo container delivery. 
 
At a recent conference between the customs department and related enterprises, Thuan proposed solutions to HCM City’s Customs Department to solve a number of urgent issues related to handling of stored goods, including more than 5,200 scrap containers.
 
The Sai Gon New Port Corporation has asked that the city’s Customs Department allow them to transport goods stored for a long time. Firstly, it will move 90-day stored goods; as well as plastics and scrap paper stored longer than 90 days at Cat Lai Port to Tan Cang Hiep Phuoc Port, Nhon Trach Inland Container Depot (ICD), Long Binh ICD, and others.
 
When the cargo owners need to carry out procedures for receiving goods, Sai Gon New Port Corporation will transport the containers back to Cat Lai Port.
 
The corporation asked to be allowed to seek land areas adjacent to the port area for storing long-day containers under the supervision of the customs sub-department of Sai Gon Port.
 
Sai Gon New Port Corporation will bear the costs of renting and securing necessary conditions under customs department’s management and supervision.
 
The situation remains complicated and if there are no strict management measures from the ministries, and State management agencies, the volume of such containers will continue to increase in Vietmam’s seaports, including Cat Lai Port, an important gate for export goods.
 
According to the Sai Gon New Port Corporation, since January 1, this year, due to the impact of China’s ban on imports of scraps, the volume of plastic and paper scraps imported through Vietnam's seaports has increased dramatically. 
 
The Ministry of Natural Resources and Environment and the Ministry of Industry and Trade have tightened the licensing of imports of these items into the Vietnamese territory, leading to many shipments arriving in Vietnam not being able to complete procedures.
 
At present, the amount of plastic and paper scrap containers stored at Cat Lai Port number up to 1,000 TEUs. The port is facing issues with the increase of stored goods.
 
Recently, Sai Gon New Port Corporation has mapped out a measure to handle the situation. It’s asking the shipping companies to require importers to provide a valid permit for shipments of scraps, and to commit to a specific time of loading.
 
For scrap containers stored in the Cai Mep area bound for Cat Lai, the port will carry goods over only when owners provide full import documents and commit to a deadline for receive goods.
 
For goods left in stock more than 30 days at Cat Lai, the port’s management board will transport the goods to Hiep Phuoc New Port for storage. In that case, all expenses related to transportation will be paid by the owners of the goods.-VNA
 
Read original article here
Newer News
12/11 PM urges banks to aid key economic sectors Read more at http://vietnamnews.vn/economy/469821/pm-urges-banks-to-aid-key-economic-sectors.html#y0AdCScWHhUl1V8e.99
23/10 Ha Noi focuses on e-commerce
31/08 Vietnam, China to open new border gate pair
17/08 Cement exports record strong growth
15/08 Vietnamese steel sector amidst US-China trade war
14/08 Rubber industry faces falling export price
14/08 US’s DoC levies anti-subsidy tax on Vietnamese laminated woven sacks
08/08 US initiates anti-dumping investigation into VN’s cold rolled steel
06/08 Agro-forestry-fishery exports grow 7.8 percent in 7 months
04/08 Vietnam works hard to have “yellow card” warning removed
Older News
15/05 Exports of tra fish earns 438 million USD in three months
10/05 CPTPP likely to lift Vietnam’s garment exports to Australia
05/05 Rice exports bring home 1.1 billion USD in Jan-Apr
23/04 Vietnam is big winner of free trade deals
11/04 Vietnam exports rambutan to New Zealand
07/04 Vietnam’s fruit, vegetable exports up 33.4 percent in Q1
06/04 EVFTA to boost textile firms’ exports
05/04 Tra fish industry grapples with export difficulties
03/04 Coffee export volumes jump, value falls in Q1
02/04 Aquatic export up 11.5% in first quarter
 
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 11:31:56 AM
VN-INDEX 913.76 -5.26/-0.57%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.