Unused dock to leave Vietnam port after four years

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Port and customs authorities in the south central province of Khanh Hoa said Wednesday a floating dock left unused at a local port for the past four years would leave the port next Monday.


The US$11.5 million Venture Dock 2, which was brought from Singapore to Cam Ranh Port in August 2008 by Ho Chi Minh City-based Long Son Sea Transport and Commerce JSC, has been sold to an American partner of the company, the Tuoi Tre (Youth) newspaper reported.


The Long Son company is carrying out procedures to take the dock out of the port on October 15, said Nguyen Thanh Son of the Khanh Hoa Customs Department.


The company will have to pay VND1.7 billion (US$81,500) as anchoring and other fees it owns to the Nha Trang Port Authority.


The Venture Dock 2 docked at the Cam Ranh Port on August 9, 2008 but it was not until late April this year that customs authorities successfully tracked down its legitimate owner the Long Son company.



Expensive dock rusts unused at Vietnam port
The company explained it planned to sell the dock to its foreign partner after the dock arrived in Vietnam but had failed until now, leaving the dock idle. The price at which the dock has been sold was not revealed.


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