MarAd Vietnam Sign New Bilateral Maritime Agreement

Thursday, March 15, 2007
U.S. maritime shippers, carriers and port operators will have far-reaching access to Vietnam’s rapidly expanding markets for transportation services, thanks to a new agreement signed today by U.S. Maritime Administrator Sean T. Connaughton and Vuong Dinh Lam, Vietnam’s national maritime administration chairman. Under the terms of the new agreement, U.S. companies may acquire a controlling 51 percent share in joint venture enterprises, such as partnering arrangements between U.S. and Vietnamese companies. The agreement also allows U.S. companies to take a lead role in providing a wide range of maritime services including cargo agency, cargo documentation, cargo management, ocean freight forwarding, storage and warehouse services, and container station and depot services. Five years after the Agreement is implemented, U.S. companies will be permitted to establish their own companies and offer a full range of shipping services without having to include a Vietnamese partner. Prior to the agreement U.S. companies were restricted to minority holdings in Vietnamese companies. The agreement builds upon other Administration initiatives to deepen U.S.-Vietnam economic relations, including last year's trade agreement between the two countries, Connaughton added.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Coast Guard

Twelve Syrians Drown Trying to Reach Greece

At least 12 people believed to be Syrian refugees drowned as two boats sank after leaving southwest Turkey for the Greek island of Kos on Wednesday, a senior Turkish naval official said.

Greek Coast Guard Seizes Weapons Ship Bound for Libya

Greek authorities have seized a freighter carrying an undeclared shipment of weapons en route from Turkey to Libya, coast guard officials said on Wednesday. A

Singapore Navy Foils Pirate Attack

The Republic of Singapore Navy ( RSN) disrupted a sea robbery on a tugboat in the eastern approaches of the Singapore Strait, says Ministry of Defence (MINDEF).

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1970 sec (5 req/sec)