Cashew nuts enterprises should avoid overloaded ports

VCN- It is a proposal that some carriers issued in the text sent to the Ministry of Transport about the delay in the shipment of cashew nuts imported from Africa in recent times.
cashew nuts enterprises should avoid overloaded ports Cashew nut segment lowers expectations for export growth
cashew nuts enterprises should avoid overloaded ports Top export products in five months
cashew nuts enterprises should avoid overloaded ports Cashew nut exports mostly rely on imported raw materials
cashew nuts enterprises should avoid overloaded ports
Overload at Cat Lai port makes Customs clearance slow. Photo: Thu Hoa.

According to Ms. Nguyen Thi Ha Giang, the Managing Director of Maersk Vietnam Co., Ltd, at some points of the year, the volume of imported goods to Vietnam in general and Ho Chi Minh City in particular has increased while transportation systems such as wharves, docks, and barges are not sufficient to meet the requirements effectively. Especially, during the high season of cashew nuts imported to HCM City, most of the importers have requested to receive goods at Cat Lai port. Even when the mother ships carried cashew nuts unloaded at deep water ports in Cai Mep Thi Vai area, customers still requested delivery in Cat Lai port.

In comparison with the previous years, this year, Cat Lai port has expanded yards and wharf areas (Phu Huu New Port), but not enough to meet the high demand for imported goods, leading to the situation of congestion. The entrance of Cat Lai Port often encountered high levels of stockpiles. Therefore, the reception of goods from ports in Cai Mep Thi Vai is often delayed, resulting in delays in delivery of goods, causing damage in terms of time and cost for both customers and shipping companies.

According to Ms. Giang, Maersk Line has increased its direct services from West Africa to Vietnam as well as cargo transport services to meet the needs of cashew importers as soon as possible. However, the limitations mentioned above had a great impact on Maersk's service activities.

Mr. Michael Them Rasmussen, the Director General of CMA CGM Shipping Company in Vietnam also said that in the first five months of 2017, about 430,000 tons of raw cashew nuts were shipped from Africa to Vietnam. Of which, CMA CGM shipped 115,000 tons, or 26% of the volume of imports. However, due to limited logistics capacity, CMA CGM currently has approximately 1,400 TEUs in the Malaysian port of Tanjung Pelepas. In order to deal with this situation, CMA CGM is hiring more ships to transport goods from Tanjung Pelepas port to Vietnam.

In addition, in Vietnam, the overload at Cat Lai port also greatly affected the delivery progress of shipping lines. Specifically, from late May 2017, CMA CGM has shipped directly to Cai Mep Thi Vai New Port. However, a large volume of cargo is also located at Cai Mep Thi Vai New Port because the port can not carry barges to Cat Lai in time for congestion at Cat Lai in general and barges usually wait from 24 to 48 hours to have a wharf at Cat Lai. Therefore, it takes from 7 to 9 days to deliver goods by barge from Cai Mep Thi Vai port to Cat Lai.

Mr. Michael said that CMA CGM tried to persuade importers to take direct cargo from Cai Mep Thi Vai port, but Cat Lai remained the preferred destination.

From that reality, the shipping lines said that in addition to increasing the area of Cat Lai and the capacity of receiving barges at the wharf to promote the receipt of cargoes to port of Cat Lai quickly, we need to increase competitive capacity and construction of related service packages at other ports and ICDs in HCMC to attract importers and reduce pressure on Cat Lai. Along with that, there should be policies to support and encourage cashew customers to accept the goods at other ports outside the port of Cat Lai.

cashew nuts enterprises should avoid overloaded ports Cashew segment banks on higher sales in the EU

The Vietnam Cashew Association has forecast exports for 2017 to rise 3 4 pct in volume and ...

Earlier, the Association has sent a letter to the Ministry of Transport, the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development and the Association of Vietnamese goods owners to seek solutions to support import and export cashew businesses stuck at the port. Accordingly, there are currently over 100,000 tons of crude oil shipped from African countries to Vietnam that is stuck at ports of departure port. Therefore, the shipment time takes 60-70 days, while it usually only 30-45 days.

Due to the specificity of the goods transported from Africa, raw cashew nuts are usually placed on containers when the moisture content is high (> 10%), so when the transit time is long, the material will be reduced in quality. , causing heavy losses for businesses.

In addition, enterprises will not have enough goods put into production in time to deliver goods for the signed export orders, customers will complain and request compensation for contracts. In addition, both the seller and the buyer have to bear large bank interest and bank limit due to prolonged transit time.

By Nguyen Hien/ Hoang Anh

Related News

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

VCN - Data from the General Department of Vietnam Customs indicates a softening of both exports and imports in January 2025, relative to the same month in 2024.
Vietnam, Korea Customs sign AEO MRA

Vietnam, Korea Customs sign AEO MRA

VCN- The Director General of the General Department of Vietnam Customs (GDVC), Mr Nguyen Van Tho, and the Commissioner of Korea Customs Service (KCS), Mr Ko Kwang Hyo, signed the Authorized Economic Operator Mutual Recognition Agreement (AEO MRA) on the afternoon of December 24, at the GDVC’s headquarters.
Seaport enterprises accelerate seaport greening

Seaport enterprises accelerate seaport greening

VCN - Many large port enterprises have been proactive in green transformation, taking specific steps and initially achieving some certifications. However, enterprises still face difficulties due to the lack of specific criteria and support policies.
Prioritizing semiconductor workforce training

Prioritizing semiconductor workforce training

VCN - Vietnam is well-positioned to participate deeply in the global semiconductor industry. Experts believe that developing a skilled workforce in microchips and semiconductors should be a long-term priority to effectively capitalize on this opportunity.

Latest News

Embracing green exports: a pathway to enter global supply chains

Embracing green exports: a pathway to enter global supply chains

This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.
Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.

More News

Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Rice export prices drop, but decline expected to be short-term

Rice export prices drop, but decline expected to be short-term

Việt Nam’s rice export prices have declined, reaching their lowest level in three years.
Key agro products expected to maintain export growth this year

Key agro products expected to maintain export growth this year

At present, agricultural exports, such as rice, coffee and seafood, have steadily secured a stable place in major global markets.
EU issues 12 warnings against Việt Nam’s food and agricultural exports

EU issues 12 warnings against Việt Nam’s food and agricultural exports

The Việt Nam SPS Office has reported that some Vietnamese export products failed to meet the EU’s stringent standards.
Việt Nam to impose VAT on low-value express-imported goods

Việt Nam to impose VAT on low-value express-imported goods

Việt Nam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.
Exchange rate risks need attention in near future

Exchange rate risks need attention in near future

VCN - Exchange rate developments in 2025 are considered to be quite complicated due to US policies related to trade and investment.
Import and export turnover reaches about US$29 billion in the second half of January 2025

Import and export turnover reaches about US$29 billion in the second half of January 2025

VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.
Market edges up slightly as liquidity remains low

Market edges up slightly as liquidity remains low

Market breadth remained positive, with 161 gainers outnumbering 144 decliners.
Business regulations must be trimmed for development of enterprises: Experts

Business regulations must be trimmed for development of enterprises: Experts

The General Statistics Office (GSO)'s socio-economic report for January 2025 reveals that while over 33,400 newly established or resumed businesses entered the market - marking a 15% increase compared to January 2024 - more than 58,300 businesses withdrew from the market, representing a growth of 8.1% on year.
Read More

Your care

Latest Most read
Embracing green exports: a pathway to enter global supply chains

Embracing green exports: a pathway to enter global supply chains

This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises

The ministry proposes to issue a decree on the establishment, management and use of the Investment Support Fund to stabilise the investment environment, encourage and attract strategic investors and multinational corporations.
Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.
Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Mobile Version