Cam Pha port handles over 33,000 tonnes of coal on first New Year day

Wednesday, Feb 10, 2016 08:25

A corner of Cam Pha Port in northern Quang Ninh Province. – Photo

HA NOI (Biz Hub) – Cam Pha port and logistics company, an affiliate of the Vietnam National Coal and Mineral Industries Group (Vinacomin), in the northern province of Quang Ninh loaded 33,000 tonnes of coal for two ships on February 8, the first day of the Year of the Monkey.

The Hai Phong 19 and Vinacomin Ha Long vessels– the first New Year footers in the port, are to supply coal to Vinh Tan 2 thermal power plant and Duyen Hai 1 thermal power plant, respectively.

Last year, Cam Pha port handled over 25 million tonnes of coal, 674,000 of which was for exports. It earned more than VND37 trillion (US$1.68 billion) in revenue.

Vinacomin last year turned out 37.6 million tonnes of coal and sold 35.5 million tonnes domestically, including 1.26 million tonnes went overseas.

In 2015, it raked in more than VND106.8 trillion ($4.85 billion), up 3 percent from 2014 and contributed VND12.5 trillion ($56.8 million) to the State budget, or 103.4 percent of their target.

The group plans to earn more than VND110 trillion from selling 38 million tonnes of coal, 1.2 million tonnes of which is for export, in 2016. – VNS

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