A African company has just opened a bid to buy 2,136 containers, opening up opportunities for Vietnamese businesses to participate in this deal.
According to the Vietnamese deal in Algeria, the company called Madar Maritime Company, a branch of Algeria Madar Holding. The company was established in August 2024 with an initial capital of $ 30 million, aiming to expand the fleet and improve transport capacity.
Lot of containers invites bidding including: 1,036 TEU standard (20 feet), 900 feu high cube (40 feet) with cooling system, 100 TEU refrigeration containers and 100 refrigeration containers Feu High Cube.
The Vietnamese deal in Algeria said that Vietnamese businesses can completely greet the container supply. The lack of empty containers not only affects Madar Maritime Company but also a common issue of the global logistics industry, when the cost of renting containers can increase 3-4 times in peak stages or commercial fluctuations.
Container at Cat Lai Port (Ho Chi Minh City). Image: Quynh Tran
Currently, 90% of the world container produced by China. In Vietnam, businesses mainly repair and renovate old containers instead of new production. Hoa Phat is a rare unit of success in this field. In 2021, Hoa Phat Group entered the container market with the advantage of steel source, accounting for 60% of production costs, set targets of 500,000 TEU production per year.
After two years, Hoa Phat handed over the first container lot to domestic enterprises and in 2024 continued to sign a contract to supply 2,000 20dc containers to Hapag -Lloyd (Germany) – one of the five largest container transport companies in the world. This opens up opportunities for Vietnam container industry to participate in the global supply chain.