While the economy of Khanh Hoa Province in general and the maritime industry in particular is facing many difficulties, the volume of goods through Cam Ranh Port in 2019 still exceeded 50% of the plan. This is a good sign for the shipping industry.
While the economy of Khanh Hoa Province in general and the maritime industry in particular is facing many difficulties, the volume of goods through Cam Ranh Port in 2019 still exceeded 50% of the plan. This is a good sign for the shipping industry.
Strong growth
| Recently, the Ministry of Transport and the Vietnam Maritime Administration have planned to dredge and repair the navigable channel. Thereby, Cam Ranh Port has the opportunity to improve productivity as well as the loading and unloading capacity of ships from 40,000 to 50,000 DWT. Cam Ranh Port has also been planned to expand its wharves to improve its port operation capacity with a total investment of nearly VND60 billion in 2020. Currently, import and export of goods through the port show signs of growth, so Cam Ranh port is possible to exceed 3 million tons of cargo through the port in 2020. |
By the end of 2019, net revenue reached nearly VND159 billion, exceeding 4% of the year plan. For the whole year, profit before tax reached nearly VND30 billion, an increase of 53% compared to 2018, fulfilling 49% of the year's profit target assigned by the general meeting of shareholders. Profit after tax reached nearly 24 billion, up 53%. Ho Van Sang - Director of Operation Center of Cam Ranh Port Joint Stock Company said, “For 2 consecutive years, Cam Ranh Port reached nearly 2.5 million and 3 million tons of cargo. It is an optimistic signal for the growth goal of the company. Therefore, we will continue to invest and upgrade the system of warehouses and ports to meet the needs of freight businesses. Currently, Cam Ranh port has 2 wharves with a length of 600m, receiving ships of 50,000 tons. The company strives to reach 7 million to 10 million tons of cargo through the port by 2025, and more than 10 million tons by 2030 to the port. "
Currently, the main products of Cam Ranh Port are wood chips, construction stones, equipment, coal, cement, frozen fish, white sand... Especially, many components and equipment of wind projects and solar power projects in the South Central region and the Central Highlands are also imported and unloaded safely at Cam Ranh Port, including many long packages up to nearly 60m or heavier than 100 tons. The port is highly appreciated by customers for their profession in receiving, loading, unloading, tallying, storing and protecting goods.
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A lot of measures to push
In 2020, Cam Ranh Port Joint Stock Company aims to continue maintaining and stabilizing the existing customer market share, making efforts to increase revenue, improve profits, and maintain stability and sustainable development. Pham Huu Tan - General Director of Cam Ranh Port Joint Stock Company shared that, in the context of increasingly fierce competition, port leaders have focused on promoting the implementation of market solutions, supporting support and do well in customer care, investment, infrastructure development, handling technology, training, improving the quality of human resources and improving competitiveness. “Cam Ranh Port has maintained its existing markets, and also developed new customers, including some investors, and logistics units who came to the port to negotiate and agree to deliver goods and equipment of wind power projects in the South Central and Central Highlands through the port, "said Pham Huu Tan.
Currently, Cam Ranh Port keeps improving, completing the loading and unloading technology process and improves the procedures and documents to minimize time and cost for customers. Thereby, the port can improve loading and unloading capacity, save storage time for goods. Major customers of the port with key products such as wood chips, sand, stone, cement ... continue to be the top caring targets to increase the company's revenue. In order to improve competitiveness, in 2020, the company will apply flexible pricing policies and do well in caring and supporting customers on procedures to ensure quickness and efficiency; open more maritime logistics services, commercial business, warehousing for other customers to increase sales and profits. In addition, the connection with large corporations like cement, electricity, Hoa Phat, Formosa, etc. to increase cargo through the port was also deployed by the company.
Nhat Minh
Translated by T.T
