Hanjin Shipping, MOL, Wanhai and local partner in official launch of 1.1m teu terminal
SOUTHERN Vietnam has a new container terminal following the official launch of Tan Cang Cai Mep International Terminal, a joint venture between Hanjin Shipping, Saigon New Port, MOL and intra-Asia trade specialist Wan Hai Lines.
“We are expecting a lot from this new dedicated terminal in Vietnam as it will soon become a major logistics hub in the region,” said Hanjin Shipping chief executive Se-Hwa Jung.
“Many of major carriers as ourselves are investing in intra-Asia and we believe having a dedicated terminal will help us make a stronger presence in the market,” he added.
Located in Cai Mep, around 50 km south of Ho Chi Minh City, the terminal sits on a 346,000 sq m plot of land on the Cai Mep river.
The terminal has a depth of 15.8m and can accommodate mega-vessels, South Korea’s Hanjin Shipping said .
A spokesperson for the company said it was difficult to define the maximum size of the vessel capable of caling at the terminal because it depended on whether the vessel was empty or not.
With two berths, the terminal can handle 1.1m teu per annum.
Two transpacific services and two Asia-Europe services operated by Hanjin Shipping and MOL have been calling at the terminal since the beginning of Janauary and the number of services using the port was expected to increase in the near future, Hanjin said.
Hanjin declined to reveal the investment amount citing confidentiality.
Already there are a number of terminals in the Cai Mep area.
Hanjin said the Vietnamese government together with a number of terminal operators and shipping companies was developing the region under the Cai Mep-Thi Vai Deep Sea Port Development Project.
Other port projects in Southern Vietnam include Hong Kong-listed Hutchison Port Holdings at Saigon International Terminals Vietnam, in a joint venture with local partner Saigon Investment Construction and Commerce.
Singapore’s PSA is a near neighbour at the SP-PSA facility, a joint venture with Saigon Port and Vinalines. The 14.5 m water-depth terminal started operations in May 2009 and in the final second phase will have a projected annual capacity of more than 2m teu.
While DP World is present 16 km from Ho Chi Minh City at Saigon Premier Container Terminal located along the western shore of the Soai Rap River at Hiep Phuoc, with an estimated final phase capacity of 1.5m teu.
In February APM Terminals said its 1.1m teu Cai Mep International Terminal was nearing completion and expected operations to commence early this year.
Last August, NYK , MOL and trading company Itochu said they were joining forces with Vietnam’s state-owned Vietnam Shipping Lines to invest ¥30bn ($345m) to build and operate a large container terminal in northern Vietnam.
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