Mobile port adds PEX-3 Asia service

MOBILE, Ala. – The Alabama State Port Authority announced March 6 that CMA-CGM, a company that serves 420 of the world’s 521 commercial ports and operates on more than 200 shipping lines, has added the Port of Mobile to its PEX-3 Asia Service market for containerized cargo shippers. CMA-CGM added the Port of Vung Tau, Vietnam, to its Asia service. “We’re extremely pleased to see the Vietnamese market added to our portfolio of weekly ocean carrier container service,” said Jimmy Lyons, director and CEO for the Port Authority. Vietnam’s domestic consumption for U.S. steel, machinery, aircraft, automobiles and machinery “presents new opportunities for Alabama manufacturers,” he said. Vietnam posted 6.8 percent domestic product growth in 2017. PriceWaterhouse Coopers predicts Vietnam will have the strongest average GDP growth until 2050 - exceeding 5.1 percent annually, and to the 20th largest economy. (Source: Alabama State Port Authority 03/06/19)