Seaport, logistics sector expected to navigate headwinds this year

February 23, 2024

HÀ NỘI — Rosy signs in exports-imports, rising shipping fees, and new regulations on seaport services charges are believed to steer Việt Nam's seaport and logistics sector through headwinds this year. SSI Securities Corporation said improvements in import and export demand, especially through inventory replenishment in the US and Europe, as well as the supply, expected to remain stable until 2025, will help seaport firms recover their yields. It elaborated that US retailers will restock after reducing inventories over the past one and a half years. The current geopolitical tensions worldwide may also push up container freight rates this year, the firm added. The document serves as a foundation for seaport businesses to negotiate with shipping lines to increase handling services fees, said Ho Chi Minh City Securities Corporation (HSC).

The source of this news is from Vietnam News