Executives from APM Terminals and Pharung Shipyard have entered into a joint venture agreement to develop and operate a new container terminal in the Dinh Vu Industrial Zone, serving the Vietnamese capital of Hanoi and the Red River Delta region of northern Vietnam, Arabian Business reported.
Operations at the new facility, which is the second in APM Terminals' global terminal network in Vietnam, is scheduled to commence in late 2010, with construction of the planned 24 hectare terminal set to begin later this year.
CargonewsAsia
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