Vietnam International Container Terminals expanding
Singapore's NOL Group said Tuesday that Vietnam International Container Terminals (VICT), in which it has a 47 percent shareholding, plans to increase its berth length at the Port of Ho Chi Min City to capture increased containerized cargo.
The expansion will increase VICT's berth length by 192 meters (630 feet) to 678 meters (2,224 feet), allowing the terminal to berth up to four container vessels at any one time and increase its annual capacity to 900,000 TEUs by 2008.
There will also be additional investment in wharf side cargo handling equipment such as gantry cranes, reach stackers and refrigerated container connections, NOL said.
VICT started operations in 1998 as Vietnam's first purpose-built container terminal. Since then, handling capacity has increased from under 50,000 TEUs in 1999, to almost 450,000 TEUs last year.