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Vietnam resolutely protests all violations of its sovereignty over Truong Sa archipelago – VietNamNet


Vietnam resolutely protests all violations of its sovereignty over Truong Sa (Spratly) archipelago, Foreign Ministry spokesperson Le Thi Thu Hang stated at the ministry’s regular press conference held online on June 10.

Vietnam resolutely protests all violations of its sovereignty over Truong Sa archipelago hinh anh 1

Vietnamese agencies always keep a close watch on all activities in the Hoang Sa (Paracel) and Truong Sa (Spratly) archipelagos as well as Vietnam’s territorial waters in the East Sea. (Illustrative photo: VNA)

Responding to questions related to the situation on the East Sea, the spokesperson said Vietnamese agencies always keep a close watch over all activities in the Hoang Sa (Paracel) and Truong Sa archipelagos as well as on Vietnamese waters in the East Sea.  

Regarding reports that several Chinese vessels appeared near Tri Ton island in Vietnam’s Truong Sa archipelago, Hang reiterated that Vietnam has sufficient historical evidence and legal grounds to testify to its sovereignty over Hoang Sa and Truong Sa in accordance with international law.

As a member of the 1982 UN Convention on the Law of the Sea (UNCLOS 1982), Vietnam has sovereignty, sovereign rights and jurisdiction over related waters in the East Sea as defined in line with the Convention, she said.

Commenting on a report that the chief of staff of the Philippine armed forces made a trip to Thi Tu island in Vietnam’s Truong Sa and affirmed the Philippines’ plan to convert the island into its logistics hub, the spokesperson stressed that Vietnam resolutely objects to all violations of its sovereignty and related rights over the Truong Sa archipelago.

“Vietnam requests that all concerned parties respect Vietnam’s sovereignty and international law as well as the Declaration on the Conduct of Parties in the East Sea (DOC) and take no actions to complicate the situation while making practical and positive contributions to the maintenance of peace on the East Sea as well as creating favorable conditions for the negotiation on a Code of Conduct on the sea (COC),” spokesperson Hang said./. VNA



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Vietnam resolutely protests all violations of its sovereignty over Truong Sa archipelago | Politics | Vietnam+ (VietnamPlus)


Vietnam resolutely protests all violations of its sovereignty over Truong Sa archipelago hinh anh 1Vietnamese agencies always keep a close watch on all activities in the Hoang Sa (Paracel) and Truong Sa (Spratly) archipelagos as well as Vietnam’s territorial waters in the East Sea. (Illustrative photo: VNA)


Hanoi (VNA) –
Vietnam resolutely protests all
violations of its sovereignty over Truong Sa (Spratly) archipelago, Foreign
Ministry spokesperson Le Thi Thu Hang stated at the ministry’s regular press
conference held online on June 10.

Responding to questions related to the situation on the East Sea,
the spokesperson said Vietnamese agencies always keep a close watch over all
activities in the Hoang Sa (Paracel) and Truong Sa archipelagos as well as on
Vietnamese waters in the East Sea.  

Regarding reports that several Chinese vessels appeared near Tri
Ton island in Vietnam’s Truong Sa archipelago, Hang reiterated that Vietnam has
sufficient historical evidence and legal grounds to testify to its sovereignty
over Hoang Sa and Truong Sa in accordance with international law.

As a member of the 1982 UN Convention on the Law of the Sea
(UNCLOS 1982), Vietnam has sovereignty, sovereign rights and jurisdiction over
related waters in the East Sea as defined in line with the Convention, she
said.

Commenting
on a report that the chief of staff of the Philippine armed forces made a trip
to Thi Tu island in Vietnam’s Truong Sa and affirmed the Philippines’ plan to
convert the island into its logistics hub, the spokesperson stressed that
Vietnam resolutely objects to all violations of its sovereignty and related
rights over the Truong Sa archipelago.

“Vietnam requests that all concerned parties respect Vietnam’s
sovereignty and international law as well as the Declaration on the Conduct of
Parties in the East Sea (DOC) and take no actions to complicate the situation
while making practical and positive contributions to the maintenance of peace
on the East Sea as well as creating favorable conditions for the negotiation on
a Code of Conduct on the sea (COC),” spokesperson Hang said./.

VNA





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FEATURE: Myanmar protests reduce imports as shipping lines suspend operations


Highlights

Trading stalls amid logistical, banking issues

Thai white sugar sales to Myanmar dwindle

Shipping lines suspending operations at Myanmar ports due to widespread protests against the country’s military coup has dampened physical trading activity, caused container shipment delays and significantly reduced imports, trade sources said March 16.

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The widespread street protests have put pressure on the logistics sector, with container trucks halting operations, resulting in container cargoes remaining stuck at shipping ports.

“CMA CGM has suspended new booking acceptances for all inbound shipments into Myanmar since Feb. 20 and from March 8, all employees have worked from home until further notice,” said Mohammad Bilal Khan, a container expert based in Pakistan.

German carrier Hapag-Lloyd has also suspended import bookings from Myanmar until further notice, although Yangon Hapag-Lloyd was taking export orders, Khan added. Maersk had also released a similar advisory announcing the suspension of all vessel operations in Myanmar and has yet to update on whether this would be extended, he said.

Logistics challenges

“Destination sales have been really weak. There is not enough labor at Myanmar shipping ports because of the protests and we can’t move containers to destination,” a Thai-based trader said.

Some regional trading houses have taken a conservative approach by either calling off trades or postponing container shipments to Myanmar.

“Initially we had 20 containers to sell [to Myanmar] but our headquarters did not agree as it was too risky. Luckily we managed to change the destination,” a source at a Japanese trading house said.

A Hong Kong-based trader said the company has rescheduled shipments to May and remained uncertain about the situation for container discharging operations in the country.

“Shipments from Thailand to Myanmar have been obstructed by the suspension of services. Most of the trade is being handled by trucks now,” a Thai-based source said.

However while trucks were available, roads were closed, as were banks, so trading was significantly affected, the source said.

Import impact

The upheaval in Myanmar comes at a time when Asian container markets were already facing disruptions due to a shortage of containers and severe congestion at ports.

Container rates for intra-Asia trade lanes have surged almost fourfold since last November and shippers are also shifting from ocean freight to inter-modal transportation, via truck and rail, to increase reliability and ensure delivery, market sources said.

Traders said the closure of banks in Myanmar has also created difficulties, particularly for executing payments in US dollars.

“Banks are closed and it is difficult for buyers and traders to transact. We are facing difficulty in conducting trades with our Myanmar buyers,” a Singapore-based trader said.

Myanmar is one of the 10 largest importers of Thai white and refined sugar, purchasing 115,589 mt in 2020, but several sugar traders said they expected the closure of factories and weaker end-user demand in Myanmar to reduce demand for Thai sugar imports in the current year.


Despite lower sugar production in the 2020-21 marketing season, Thai physical cash premiums have been on a downtrend due to weaker demand from China, Vietnam and Myanmar.

Thai 45i refined sugar for prompt shipment was assessed at a premium of $51/mt to the London No. 5 March futures on Feb. 11, an eight-month low; it was last assessed at this level on June 24, 2020. The premium was most recently assessed at $54/mt over May futures on March 15.

“Now that many factories in Myanmar are shut and they have no idea when they will reopen, there is no point for them to import Thai sugar now,” a Hong Kong trader said.



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