BY THE NUMBERS
Vietnam: No. 1 in container growth
In 2014, Vietnam’s Ho Chi Minh City/Cal Mep container port recorded the highest growth in volume, up 16.7%. In comparison, the average growth of the world’s top container ports stood at 5.3%.
According to Alphaliner’s latest list of top 30 container ports, Vietnam’s largest port ranks 21st with a volume of 6.3 million TEUs (20-foot equivalent units) handled. The world’s 30 largest container ports combined handled 370 million TEUs.
The growth of Vietnamese ports appears to be far from over based on the latest results: In the first quarter of 2015, container traffic at the Port of Ho Chi Minh recorded an increase of 12.6%. Vietnam has 3,400 km of coastline along one of the busiest trade routes in the world.
However, many observers downplay these optimistic prospects. The Port of Cai Mep, a seaport located close to Ho Chi Minh City, is actually suffering from overcapacity due not only to the global economic downturn, but to the accelerated development of terminals. Stay tuned…
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