WAN HAI LINES announce to invest and operate a new container terminal in Cai-Mep area, Vietnam 2009/02/09

On 4th of February 2009, Wan Hai Lines (WHL) announced that a joint venture contract was signed by Saigon New Port Co.(SNP), Mitsui O.S.K. Lines(MOL), and Hanjin Shipping (HANJIN) to form the Tan Cang Cai Mep International Terminal Company Limited (TCIT) for constructing and operating a new container terminal in Cai-Mep area near Ho-Chi-Minh City.

The new terminal is scheduled to operate during the first quarter of 2011 with total container quay area of 35 hectares comprising 2 berths. The terminal with 590 meter of length and 14 meters of depth is capable of accommodating 80,000DWT ship and handling one million TEU throughput per year.

The signing ceremony took place at Saigon New Port’s head office in Ho-Chi-Minh city. The attendants included Tony Chow, President of Wan Hai Lines, Nguyen Van Hien, Commander-in-chief of the Vietnam People’s Navy, Chairman of SNP, Nguyen Dang Nghiem, Vice Chairman of SNP, Gun-Sik Choi, Executive Vice President of HANJIN, and Masakazu Yakushiji, Representative Director of MOL. Other attendants also included local government officials, port officials, and representatives from shipping-related business.

Mr. Tony Chow, President of Wan Hai Lines, said “Vietnam was devoted to the internationalization in the past years and the outstanding achievement is impressive to all countries in the world. We consider that Cai-Mep area a container service hub, which will become a unique gate way to bring about the opportunity and prosperity in coming years.” He added, “This investment marks a new milestone in our global logistic plan. It helps to extend the Intra-Asia shipping network to connect the rest of the world.

Wan Hai Lines is the largest Intra-Asia Liner with the most intensive and comprehensive service network in Asia. There are 134 Wan Hai service sites in 35 countries offering a variety of services from shipping, logistics, trucking to warehousing. Also, Wan Hai Lines has accumulated ample shipping related knowledge over the past 40 years, and will keep on its commitment to provide professional and reliable service to customers all over the world.

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