The shipping industry is closely watching COVID developments in Vietnam that have closed factories there, given the recent Yantian outbreak that spiraled into months of congestion in Southern China.
Rapid growth in intra-Asia container volume unable to get rates up, which Drewry suggests may be a result of larger vessels being deployed on the trade.
Throughput at Cai Mep International Terminal, the APM Terminals facility in Vietnam’s Ba Ria‐Vung Tau province, southeast of Ho Chi Minh City, skyrocketed in the first quarter.
On the other side of Southeast Asia’s planning-for-the-future divide from Indonesia is Vietnam, which looks certain to have excess container handling capacity for some time to come.