Vinamarine proposes to build shipping exchange

The Vietnam Maritime Administration (Vinamarine) has proposed to build a shipping exchange, said the Ministry of Transport on October 8.

(Photo: SGGP)

The proposal has originated from shipping lines’ demand to clarify and modernize the shipping industry, create an information basis to develop logistics services and make competitiveness healthy among businesses.

According to the proposal, the fund for pilot building of the exchange will be mobilized from businesses, credit institutions and international organizations.

Implementation of the project should be encouraged under public private partnership (PPP) model.

The pilot project is expected to start in the first quarter of 2017.

By Bich Quyen – Translated by Hai Mien

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