Seaport, logistics sector expected to navigate headwinds this year
Rosy signs in exports-imports, rising shipping fees, and new regulations on seaport services charges are believed to steer Vietnam's seaport and logistics sector through headwinds this year.
Seaport, logistics sector is expected to navigate headwinds this year. (Photo: VNA)
Hanoi (VNA) – Rosy signs inexports-imports, rising shipping fees, and new regulations on seaportservices charges are believed to steer Vietnam's seaport and logistics sector throughheadwinds this year.
SSI Securities Corporation said improvements inimport and export demand, especially through inventory replenishment in the USand Europe, as well as the supply, expected to remain stable until 2025, will helpseaport firms recover their yields.
It elaborated that US retailers will restock afterreducing inventories over the past one and a half years. Besides, the US FederalReserve (Fed)’s further interest rate cuts will support consumer spending andmanufacturing.
Meanwhile, seaport capacity will not change much until2025 when a number of large deep-water ports come into operation, including fourcontainer terminals of Lach Huyen Port, and Nam Dinh Vu 3 Port, both in thenorthern city of Hai Phong, and Gemalink 2A Port in Ba Ria-Vung Tau province inthe south, with a combined capacity of 3.3 million TEUs, or 12% of containerthroughput through Vietnam's ports last year.
The current geopolitical tensions worldwide may alsopush up container freight rates this year, the firm added.
Touching upon the Ministry of Transport (MoT)’s CircularNo. 39/2023/TT-BGTVT on seaport services fees, which started to come into force on February 15, 2024, the SSI said it had been anticipated by insiders as the ceilingprice of container handling services rise about 10% for both transshipment anddeep-water ports as compared to that stipulated in Circular 54/2018/TT-BGTVT.
The document serves as a foundation for seaportbusinesses to negotiate with shipping lines to increase handling services fees, said Ho Chi Minh City Securities Corporation (HSC).
In fact, operation results of seaport enterpriseswere quite good last year when the volume of goods through seaports grew by 5%,with the best performers in the central and southern regions.
For the logistics segment, experts said although mostof the firms suffered a decline in revenues last year, it can record a recoveryin output thanks to increased production activities, helpingease the pressure on average freight rates./.
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Seaport, logistics sector is expected to navigate headwinds this year. (Photo: VNA) 
