A trade lane (or trade route) refers to a specific pathway along which goods are transported between two or more locations, typically across international borders. Trade lanes are established based on the flow of goods and the economic relationships between countries or regions. They encompass both maritime and air routes and play a crucial role in global supply chains by facilitating the movement of goods and fostering international trade.
Transit time refers to the duration it takes for goods or shipments to travel from their origin to their destination. It is a crucial metric in supply chain and logistics management, as it directly impacts delivery schedules, inventory levels, and customer satisfaction. Transit time encompasses the entire journey of a shipment, including transportation, handling, and processing at various checkpoints along the route.
Transloading refers to the process of transferring goods or cargo from one mode of transportation to another, typically from one type of truck or railcar to another, or from rail to truck and vice versa. This logistical practice is often employed to optimize transportation routes, reduce costs, and improve overall efficiency in supply chain operations.
A Transportation Management System (TMS) is a specialized software solution designed to streamline and optimize transportation and logistics operations within supply chains. It provides functionalities to effectively manage and control the movement of goods from origin to destination.
Transportation lead time refers to the duration it takes for goods to be transported from the point of origin to the final destination. It encompasses the time required for transportation activities, including loading, transit, and unloading, across various modes of transport such as road, rail, air, or sea.
A transshipment is the process of transferring goods from one transportation vehicle or vessel to another during their journey from origin to destination. It typically occurs at intermediary points along the supply chain route, where cargo is transferred between different modes of transportation, carriers or vessels.
Twenty-foot Equivalent Unit (TEU) is a standard unit of measurement used in the shipping industry to quantify the cargo-carrying capacity of container vessels. It represents the volume of a standard twenty-foot-long shipping container.
An Ultra Large Container Vessel (ULCV) is a massive container ship used on major trade routes, capable of carrying over 14,000 TEUs.
Vendor Managed Inventory (VMI) is a supply chain management strategy where the supplier or vendor takes responsibility for managing the inventory levels of their products at the customer's or retailer's location. In this arrangement, the vendor monitors the inventory levels based on agreed-upon criteria such as sales data or inventory levels, and initiates replenishment as needed.
Verified Gross Mass (VGM) is a term used in the shipping industry to refer to the total weight of a packed container, including its contents and packaging materials. It is a crucial requirement mandated by the International Maritime Organization (IMO) under the Safety of Life at Sea (SOLAS) convention to enhance safety in maritime transportation.
A floating structure with its own mode of propulsion designed for the transport of cargo and/or passengers. In the Industry Blueprint 1.0 "Vessel" is used synonymously with "Container vessel", hence a vessel with the primary function of transporting containers.
A vessel sharing agreement (VSA) is a cooperative arrangement between shipping companies that allows them to share space and resources on vessels for specific routes.
Vessel bunching refers to the situation where multiple vessels arrive at a port simultaneously or within a short period, leading to congestion and delays. This clustering of vessels can overwhelm port facilities, causing extended wait times for berthing, loading, and unloading operations.
A vessel call sign is a unique identifier assigned to a ship for radio communication purposes. It is used to distinguish the vessel from others in maritime communication systems, including VHF radios and satellite communications.
A vessel omission (sometimes called a port omission) occurs when a scheduled vessel does not call at a planned port during its voyage. This disruption means that the vessel skips the port entirely, which can impact the transportation and delivery schedules of goods.
In cargo shipping, vessel rotation is the planned sequence of port calls that a shipping vessel follows on its route to optimize cargo loading and unloading operations.
The timetable of departure and arrival times for each port call on the rotation of the vessel in question.
A journey by sea from one port or country to another one or, in case of a round trip, to the same port.
Warehouse utilization is a logistics metric that refers to the effective use of available warehouse space for storing goods and inventory.
Order for specific transportation work carried out by a third party provider on behalf of the issuing party.
Logistics yard management refers to the process of overseeing and controlling the movement of trucks, trailers, containers, and other vehicles within a yard or distribution center. This includes tasks such as scheduling, tracking, and coordinating the arrival, departure, and storage of these vehicles.
The Five Busiest Cargo Ports in Vietnam
Vietnam's ports are vital to its role in global manufacturing and exports, supporting the country’s rapidly growing economy and international trade.
1. Port of Ho Chi Minh City (Cat Lai Terminal) (VNSGN)
The largest port in Vietnam and fifth largest port in southeast Asia, the Port of Ho Chi Minh City is a key driver of the nation's booming export economy, especially in manufacturing.
- Location: The Port of Ho Chi Minh City is situated in southern Vietnam on the Saigon River, which flows into the South China Sea. It serves the country's most populous city, Ho Chi Minh City, a major economic and industrial hub.
- Annual Container Throughput: 7.9 million TEU in 2022 (Lloyd's List)
- Annual Cargo Volume: 142.9 million tonnes in 2022 (Statista)
- Key Commodities: Textiles, footwear, electronics.
2. Port of Hai Phong (VNHPH)
The Port of Hai Phong is the primary gateway for Northern Vietnam's trade, strategically linking the region to global markets and nearby China.
- Location: Located in northeastern Vietnam, the Port of Hai Phong sits on the Cấm River near the Gulf of Tonkin. It serves the city of Hai Phong, the third-largest city in Vietnam and a critical industrial and logistics center.
- Annual Container Throughput: 5.6 million TEU in 2022 (Lloyd's List)
- Annual Cargo Volume: 170.1 million tonnes in 2023 (VnEconomy)
- Key Commodities: Machinery, agricultural products, textiles.
3. Vũng Tàu / Port of Cai Mep-Thi Vai (VNVUT)
A part of the Vũng Tàu Port group, the Port of Cai Mep-Thi Vai is one of Vietnam's most advanced deep-water ports, connecting the country to major global markets like Europe and the U.S.
- Location: Situated in southern Vietnam near the mouth of the Thi Vai River, close to the city of Vung Tau, the port is strategically positioned on the Southeast Asia maritime route that connects to the Pacific Ocean.
- Annual Container Throughput: 5.6 million TEU in 2022 (Lloyd's List)
- Annual Cargo Volume: 106.7 million tonnes in 2022, including all ports in the Vũng Tàu Port group (Customs News)
- Key Commodities: Petroleum, chemicals, electronics.
4. Port of Da Nang (VNDAD)
An important logistics hub for Central Vietnam, the Port of Da Nang supports regional industries and plays a significant role in international shipping routes. The Da Nang free trade zone is comprised of Da Nang Port, My Khe Port and Lien Chieu Port.
- Location: The port is located in central Vietnam, along the Han River, opening into the South China Sea. Da Nang is one of Vietnam's largest cities and a significant economic and tourism center.
- Annual Cargo Volume: 10.7 million tonnes between the three ports in the group in 2020 (JICA)
- Key Commodities: Coffee, textiles, seafood.
5. Port of Quang Ninh (VNQNH)
The Port of Quang Ninh is central to the export of Northern Vietnam's minerals, playing a vital role in the country’s natural resource-based trade.
- Location: Located in northern Vietnam along the coast of Ha Long Bay, the port provides easy access to the Gulf of Tonkin and the broader Southeast Asian maritime network.
- Annual Cargo Volume: More than 8 million tonnes (Quang Ninh Port)
- Key Commodities: Coal, limestone, cement.