Maersk is setting up a new logistics center in Bac Ninh to take advantage of the rapid expansion of containerized exports from Vietnam. The country has been a major winner from the U.S.-China trade war with seaborne shipments to the U.S. from Vietnam having climbed by 19.4% year over year in the 12 months to Nov. 30. In Maersk’s case the growth in shipments from Vietnam equated to 23,890 TEUs of extra business year over year. Yet, that only offset 20.9% of the 114,500 TEUs drop in shipments from China while traffic from the rest of Asia only covered 13.6% of the decline. The increased ca...
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