• ITVI.USA
    13,754.510
    83.820
    0.6%
  • OTRI.USA
    21.920
    -0.140
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  • OTVI.USA
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    82.630
    0.6%
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  • ITVI.USA
    13,754.510
    83.820
    0.6%
  • OTRI.USA
    21.920
    -0.140
    -0.6%
  • OTVI.USA
    13,721.420
    82.630
    0.6%
  • TLT.USA
    2.840
    0.040
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  • TSTOPVRPM.ATLPHL
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  • TSTOPVRPM.CHIATL
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  • WAIT.USA
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    0.000
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American Shipper

Build contract signed for new Vietnam box terminal

Build contract signed for new Vietnam box terminal

   Construction is set to start on a new Vietnam container terminal, Cai Mep International Terminal, following the award of a $112 million contract to a joint venture between major Korean contractors, POSCO EC and Samwhan Corp.

   The terminal, due to open in late 2010, will be located in the Ba Ria-Vung Tau province southeast of Ho Chi Minh City, and will offer shipping lines direct access to and from the main shipping markets in Asia, Europe and Americas. A draft of 14 meters will enable larger vessels to call at the port.

   Cai Mep International Terminal Co. Ltd. was established in January 2007 as a joint venture between the state-owned Saigon Port, Vietnam National Shipping Line (Vinalines) and APM Terminals, part of the Danish A.P. Moller – Maersk Group.