Vietnam Shipping Industry

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VIETNAM SHIPPING INDUSTRY OVERVIEW
Vietnam shipping industry has many potential to develop Vietnam has a coastline of more than 3,260 kilometers which offers huge potential for the country's ocean shipping development and other sea-related services. Vietnam also has the highest density of vessel traffic globally with its proximity to the international seaway, as well as being a gateway to the sea for the landlocked neighboring countries such as Laos and the hinterlands, including northwestern Thailand and south-eastern China. Vietnam is more visible on the global map now as the government is more willing to respond to investors' concerns. The rapid growth of the Vietnam economy and its increased integration into the global trading system has seen Vietnam’s external trade volumes accelerate during the past few years. The average total of export-import has been 14% per years since 2006 Unit: US$mn '06-'12E Items GDP % yoy Export Import Export-Import turnover % yoy 2006 60,897 38,920 44,350 83,270 2007 71,129 16.8% 48,200 57,700 105,900 27.2% 2008 89,835 26.3% 60,890 76,612 137,502 29.8% 2009 93,138 3.7% 56,709 69,152 125,861 -8.5% 2010 103,496 11.1% 71,679 83,780 155,459 23.5% 2011 121,988 17.9% 95,445 105,007 200,452 28.9% 2012E 139,212 14.1% 105,800 107,400 213,200 6.4% CAGR 12.5% 15.4% 13.5% 14.4%

Source: General Statistics Office of Vietnam

In that common tendency, the operation of merchant shipping also got the significant growth. '06-'12E Items 2006 Quantity of cargo throughput via 102,566 ports (1,000 MT) % yoy 20% 2,777 TEUs ('000) % yoy 20% Source: Vietnam Seaports Association 2007 133,799 30% 4,287 54% 2008 143,612 7% 4,964 16% 2009 172,125 20% 5,399 9% 2010 151,007 -12% 6,430 19% 2011 157,140 4% 6,875 7% 2012E 163,522 4% 7,350 7% CAGR 6.9% 14.9%

Vietnam now has nearly 350 berths with a total length of 41,000 meters, including 35 access channels to national ports and 12 access channels to dedicated ports. According to the statistics, the weight of export- import good by sea occupies about 80% of the total quantity of export- import goods. Merchant shipping industry encompasses a lot of branches such as bulk carrier, tanker and container World fleet by principal vessel types during the past few years

Unit: millions of DWT '00-'11 Ship types Oil tanker Dry bulker General cargo Container Other Total 1980 339 186 116 11 31 683 1985 261 232 106 20 45 664 1990 246 235 103 26 49 659 1995 268 262 104 44 58 736 2000 282 276 101 64 75 798 2005 336 321 106 98 49 910 2010 450 457 108 169 92 1,276 2011 475 532 109 184 96 1,396 % 34% 38% 8% 13% 7% 100% CAGR 4.9% 6.1% 0.7% 10.1% 2.3% '05-'11 CAGR 5.9% 8.8% 0.5% 11.1% 11.9%

Source: Review of maritime transport 2011 - United Nation Conferrence on Trade and Development (UNCTAD)

Bulk carriers (also called bulk freighter, or bulker) are merchant ships specially designed to transport unpackaged bulk cargo such as grains, coal, iron ore, bauxite/alumina, and cement in its cargo holds. The fleet of dry bulk transport sector contributed 38% of the world tonnage and comprise of 4 sizes in the internal dry bulk carriers sector:

Ship Classification Capesize Panamax Supramax Handysize

Dead Weight Tons 100,000+ 60,000-80,000 45,000-59,000 15,000-35,000

% of World Fleet 10% 19% 37% 34%

% of Dry Bulk Traffic 62% 20% 18% w/ Handysize 18% w/ Supramax

New price (US$ mn) 58 35 25

Used price (US$ mn) 54 25 20

Source: Review of maritime transport 2011 - UNCTAD

Tankers for the transport of fluids such as crude oil, petroleum products, liquefied petroleum gas (LPG), liquefied natural gas (LNG) and chemicals, also vegetable oils, wine and other food. The tanker sector makes up nearly 34% of the world tonnage and includes the following classes: New price (US$ mn) 36 66 103 Used price (US$ mn) 26 62 86

Ship Classification Product tanker Panamax Aframax Suezm ax VLCC Ultra Large Crude Carrier

Size in DWT 10,000–60,000 60,000–80,000 80,000–120,000...
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