CMA CGM developing $600M Vietnam container terminals

French carrier eyes rapid development of economic region

CMA CGM's Gemalink is one of two terminals the company operates in Vietnam. (Photo: CMA CGM)

CMA CGM Group is partnering with Saigon Newport Corp. to develop a new deepwater container complex in Haiphong, northern Vietnam.

The agreement covers the design, construction and operation of the Lach Huyen terminals 7 and 8. The complex will have combined capacity of 1.9 million twenty-foot equivalent units and is scheduled to open in 2028.

The project comes amid a sharp increase in container volumes in northern Vietnam and will enable Marseilles, France-based CMA CGM to secure long-term capacity as the region sees rapid industrial and logistics development.

CMA CGM has been active in Vietnam since 1989, with offices in Ho Chi Minh City, Hanoi, Haiphong, Danang and Quy Nhon. It operates 29 weekly services across seven ports in the country, connecting major global trade routes to an advanced intermodal network via Ceva Logistics.

The carrier is co-owner of the Gemalink terminal in Cai Mep and the Vietnam International Container Terminal in Ho Chi Minh City.

Find more articles by Stuart Chirls here.

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Stuart Chirls

Stuart Chirls is a journalist who has covered the full breadth of railroads, intermodal, container shipping, ports, supply chain and logistics for Railway Age, the Journal of Commerce and IANA. He has also staffed at S&P, McGraw-Hill, United Business Media, Advance Media, Tribune Co., The New York Times Co., and worked in supply chain with BASF, the world's largest chemical producer. Reach him at stuartchirls@firecrown.com.