A year of dedication and effort has come to an end, and the 2024 Year End Gala of Glotrans Ho Chi Minh was a resounding success. The event was not only an opportunity to reflect on our journey but also a chance to set our sights on new goals for the future.
2024 was a year full of challenges, yet it also marked significant achievements for Glotrans Ho Chi Minh. Through unity and relentless effort, we successfully met our objectives, contributing to the company’s overall growth.
The memorable moments captured at YEP 2024 reflect the strong bond of the Glotrans Ho Chi Minh family. From radiant smiles and warm embraces to passionate performances, every moment embodied our spirit of teamwork and camaraderie. A highlight of the evening was the awards ceremony, recognizing outstanding individuals and inspiring a spirit of excellence throughout the company.
As we step into 2025, new challenges and opportunities await. With the accomplishments we have achieved and the unwavering unity of our team, we are confident that Glotrans Ho Chi Minh will continue to thrive and reach new milestones.
HAPPY NEW YEAR
After two hot years driven by e-commerce and disruption in sea freight, the air-cargo market in 2025 is slowing as supply and demand gradually normalize, belly-capacity (passenger-aircraft freight space) recovers and trade policies fluctuate. For Vietnamese companies exporting high-value goods, this is the time to re-calculate the “sea-air mix” to optimize cost, time and shipment certainty.
From January 1, 2025, the FuelEU Maritime regulation officially takes effect, requiring ships to reduce their “well-to-wake” greenhouse gas intensity by 2% compared to the 2020 baseline, with targets rising progressively until 2050. As a result, “green” costs—including scarce alternative fuels, compliance fees, verification expenses, and carbon-related surcharges—are now clearly reflected in the invoices issued by carriers and shippers. FuelEU does not mandate the use of any specific fuel. Instead, it allows operators to choose the optimal combination of solutions—such as blended biofuels, LNG/bio-LNG, wind-assisted propulsion, or operational optimization—as long as the required emission intensity is achieved. In practice, on major European trade lanes, many carriers have already begun introducing separate “Green Compliance Surcharges” rather than incorporating all environmental costs into traditional bunker surcharges.
Outside the United States, global demand for Chinese products is hitting new highs. Despite being a major target of U.S. tariffs, China has strengthened its trade relationships across Africa, Southeast Asia, and Europe in 2025. While China cements its role as a global export leader, the U.S. is increasingly shifting its focus toward self-reliance.
On the occasion of Vietnamese Teachers’ Day 20/11, Glotrans Vietnam would like to extend our warmest and most respectful greetings to all teachers, trainers, and everyone who tirelessly dedicates themselves to the mission of imparting knowledge.
Glotrans Vietnam is honored to take part in the FIATA World Congress 2025 – the flagship annual event organized by the International Federation of Freight Forwarders Associations (FIATA). This congress gathers leading organizations, experts, and enterprises in the global logistics and international freight forwarding industry.
Recently, Glotrans Vietnam once again affirmed its capability in the field of Project Cargo transportation by successfully completing a special shipment from Shanghai, China to Cat Lai Port, Ho Chi Minh City.
Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.
Company Q (Plaintiff – the Insured) and Company B (Defendant – the Insurer) entered into an insurance contract. After an insured event occurred, the parties could not agree on the value of the loss and therefore conducted an assessment. The unilateral assessment conducted by the Insurer was not accepted, while the independent assessment was only partially recognized.
