In the first half of the year, the consolidated revenue of the maritime "giant" decreased by over 20%. Although the shipping market at the end of the year has changed more positively, it is still poor due to the high number of newly built ships delivered and the gloomy world economic context...
After peaking in September 2021, sea freight prices began to show signs of adjustment, especially falling sharply in the last 6 months of 2022 and continuing to decrease further in the first months of 2023.
The gloomy global economy and declining consumer power greatly affect the international shipping market, including Vietnam. Seaport areas in Vietnam with the highest throughput volume in the country are all in decline.
EXCESS OF SHIPS, COAST TRANSPORT NO LONGER BENEFITS FROM FREIGHT PRICES
Evaluation of cargo transport activities by sea in the last months of the year at the Conference to summarize and deploy tasks for the last 6 months of 2023 recently organized by Vietnam Maritime Corporation (VIMC), Mr. Nguyen Ngoc Canh , Vice Chairman of the Committee for Management of State Capital at Enterprises, said that developments in the dry cargo ship market in the last 6 months of the year are forecast to have more positive changes.
According to leading market research companies, the growth rate of the dry cargo ship market in 2023 will reach 1.5 - 2.5%. However, in the second half of 2023, the number of newly built dry cargo ships delivered will still be high, still having a strong impact on ship supply and spot prices will hardly grow to a high level like in 2022.
The container ship market in the second half of 2023 is forecast to move slowly due to the high number of new ships delivered (120 units), in the context of current low demand for goods transport, there will be a situation where excess supply. Shipping lines are expected to continue reducing shipping rates as in the first half of the year to ensure fleet operations.
Therefore, Vice Chairman Nguyen Ngoc Canh requested that the corporation continue to perform well in market research and forecasting, closely monitor developments in the shipping market to have timely response solutions, ensuring The efficiency of shipping activities will not decrease much compared to 2022.
Regarding seaport operations, news from the Vietnam Maritime Administration, in the context of the continuing difficult economy, it is estimated that in the first 6 months of the year, the total volume of goods through the seaport will still continued to decrease by about 3%, reaching about 359.467 million tons.
Previously, the volume of goods passing through seaports in the first 5 months of the year reached 296.102 million tons (excluding goods in transit without loading or unloading at the port), down 3% compared to the same period in 2022. Seaport areas have large volumes of goods. The highest passing rates in the country have all declined. Specifically, Vung Tau area decreased by 13%, Hai Phong decreased by 3%, City. HCM decreased by 3%.
REVENUES DECREASED SIGNIFICANTLY
In the above difficult context, the leaders of the Capital Management Committee proposed that VIMC need to have a solution to restructure and maximize the operational efficiency of seaports: Hai Phong, Da Nang, Quy Nhon, Saigon, deep-water ports in Cai Mep - Thi Vai area... to ensure completion of planned targets.
For logistics service business activities, based on the seaport - shipping - logistics service ecosystem that the corporation orients, Vice Chairman Nguyen Ngoc Canh requested VIMC to develop a plan and have the Appropriate mechanisms, policies, and market solutions to connect member units.
At the same time, maintain service provision for existing customers; Approach and gradually cooperate with large, potential customers; Providing chain services to customers who are shippers with large volumes of domestic and import-export goods.
Regarding development investment activities, the corporation needs to accelerate the implementation and disbursement of investment projects, associated with ensuring quality and effective use of investment capital; Prioritize focusing human and material resources on projects; Comply with processes and procedures in accordance with legal regulations, ensuring project progress and quality; At the same time, absolutely do not allow mistakes, losses, waste... in investment.
For projects that are being submitted to competent authorities for investment policy approval, Vice Chairman Nguyen Ngoc Canh requested VIMC to closely follow relevant ministries and agencies to report and explain in order to soon achieve approval. Approve the investment policy to continue implementing the next work of the project, ensuring that procedures are carried out in accordance with the correct order and authority according to the provisions of law.
Regarding the content of enhancing corporate governance efficiency, according to Vice Chairman Nguyen Ngoc Canh, the group of state capital representatives at VIMC urgently coordinate with the board of directors to direct VIMC to promulgate capital investment and management regulations. Manage VIMC's investment capital in units with contributed capital according to the provisions of law and the direction of the Committee...
Regarding operating results in the first 6 months of 2023, VIMC leaders said that in the first 5 months of 2023, Vietnam's goods exports are estimated to reach 136.17 billion USD, down 11.6% over the same period last year. , goods imports were estimated at 126.37 billion USD, down 17.9% over the same period last year.
In the world maritime market, the BDI index (Baltic dry cargo charter index) reached over 1,200 points in January 2023, decreased to 700 points in February, increased continuously to 1,600 points in March, April and May 2023 and decrease to about 1,200 points in June 2023.
In that context, VIMC's shipping output in the first 6 months of 2023 reached 9.8 million tons, port throughput in the first 6 months of the year reached 52.3 million tons.
Consolidated revenue of all VIMC in the first 6 months of the year reached 8,703.5 billion VND, of which the parent company reached 896.2 billion VND.
VIMC's pre-tax profit in the first 6 months of the year reached 1,555.5 billion VND, of which the parent company reached 141.7 billion VND.
In addition, VIMC also promotes international cooperation, has many initiatives at international and regional forums, such as: participating in the 32nd annual meeting of the Shipowners Association in China with the initiative "Sporting green loading, policies to attract and improve the quality of human resources for seafarers"; connect with distribution centers for iron and steel, automobiles, and agricultural products in China; Participate in the Vietnam - Netherlands Business Forum: Initiative on digital transformation for inland waterway transport; Organized the seminar "Vietnamese maritime development green and sustainable" at VIMC with the participation of the Secretary General of the International Maritime Organization (IMO)...
Anh Tú
https://vneconomy.vn/thi-truong-van-tai-bien-van-kem-sac-ong-lon-hang-hai-sut-giam-doanh-thu-dang-ke.htm
