Hanjin Shipping opens dedicated terminal in Vietnam

3/18/2011 11:18:18 AM

Hanjin Shipping officially opened its dedicated terminal in Cai Mep, Vietnam, on March 16th.   A joint venture between Hanjin Shipping, Saigon New Port, Mitsui OSK Line and Wanhai Lines, the Tan Cang Cai Mep International Terminal (TCIT) has been developed over the past two years.   The terminal is located on a 346,000 m2 plot of land at the basin of the Cai Mep River, which is 50 km from Ho Chi Minh City.   With a depth of 15.8 metres, the terminal can accommodate mega-vessels, and with two berths it can handle up to 1.15 million TEU of cargo per year.   Se-Hwa Jung, chief executive of Hanjin Shipping's Terminal Business unit commented: "We are expecting a lot from this new dedicated terminal in Vietnam as it will soon become a major logistics hub in the region."   He added that many major carriers are investing in intra-Asia trade, and Hanjin believes that a dedicated terminal will strengthen its presence in the market.   Hanjin Shipping currently operates fourteen dedicated terminals around the world, including Algeciras in Spain, which opened last July.   Eyefortransport

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