HANOI: Container shipping in Vietnam and Cambodia has the fastest port turnaround times in Asean in June 2022 with both countries scoring an average of 0.9 days, according to a World Bank report.
Global logistics data released recently in Washington were among new key performance indicators that complement the Logistics Performance Index (LPI) for 139 economies, it said.
Among other Asean members, Thailand had the second-fastest turnaround time of one day followed by Malaysia and Singapore (both 1.2 days), the Philippines (1.3 days), Indonesia (1.8 days) and Myanmar (two days).
In a statement, the bank said digitalisation was allowing emerging economies to shorten port delays by as much as 70% compared to those in developed countries.
“While most time is spent in shipping, the biggest delays occur at seaports, airports, and multimodal facilities,” said Christina Wiederer, the bank’s senior economist who co-authored the report.
“Policies targeting these facilities can help improve reliability,” she said.
At 4.3 points, Singapore was top ranked, both within Asean and worldwide.
It was followed by Malaysia (3.6 points), Thailand (3.5 points), the Philippines and Vietnam (both 3.3 points) and Indonesia (3.0 points). A ranking for Myanmar was not available.
Despite challenges such as Covid-19, the bank said logistics services were “broadly resilient” for best and worst performers worldwide.
“Even with the Covid-19 pandemic-induced disruptions to shipping and the global supply chain crisis, the average overall score in the 2023 LPI was broadly the same as in the last survey in 2018,” it said.
The LPI has six indicators: efficiency of customs and border management clearance, quality of trade and transport infrastructure, ease of arranging competitively priced shipments, competence and quality of logistics services, ability to track and trace consignments, and frequency of on-time deliveries.
Recently, major shipping lines in the world have invested in the construction and operation of seaports in Vietnam.
For example, DP World Group of the United Arab Emirates invested in and operates Saigon premier container terminal in Ho Chi Minh City, SSA Marine Corp of the United States with Cai Lan international container terminal in Quang Ninh Province and SP-SSA international terminal in Ba Ria-Vung Tau province.
The PSA Group of Singapore has invested in SP-PSA terminal in Ba Ria-Vung Tau Province, APMT Group of Denmark with Cai Mep international terminal and Hutchison Port Holding Group of Hong Kong with SITV terminal in Ba Ria-Vung Tau orovince as well.
Better seaport services and rising shipping demands have attracted large shipping lines to open routes from Vietnam to other countries in the world.
Lach Huyen wharf is capable of accommodating vessels of up to 132,000 deadweight tonnage (DWT) and Cai Mep Thi Vai wharf, 214,000 DWT or over 18,000 twenty equipment units. — Viet Nam News/ANN
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