MOL starts Vietnam tugboat business

11/22/2010 9:59:36 AM

MItsui O.S.K. Lines (MOL) has established a joint venture with two local companies in Vietnam and started a tugboat business. The joint company will allocate high-powered, high-performance tugboats in Vietnam’s Cai Mep/Thi Vai area, where deep-water container terminals are now under development. It will offer safe, high-quality support services for vessels calling at ports in the region, helping meet the needs of Vietnam’s shipping industry and international shipping lines. The new venture is called Tan Cang-Cai Mep Towage Services. Deepwater container terminals have been constructed to serve Vietnam’s Cai Mep/Thi Vai areas as a result of tremendous economic growth in Southern Vietnam. The number of large-scale vessels calling at the ports will continue to increase, so stable tugboat service is indispensable.                                                                                                 Cargonews Asia

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