Northern Vietnam's first deepwater port, Haiphong International Container Terminal (HICT), has hosted its maiden vessel. The $321m facility, a joint venture between Saigon New Port, Mitsui OSK Lines and Itochu of Japan, and Taiwan’s Wan Hai Lines, took two years to build. On May 13, Haiphong International Container Terminal Co., Ltd., a joint venture between Saigon New Port (51 per cent) and Japan’s Mitsui OSK Lines (MOL), Taiwan’s Wan Hai Lines (WHL), and Japan’s Itochu Corporation (ITO), organised the launching ceremony of HICT and welcomed the first ship to the port. It can accommodate vessels of up to 14,000 TEUs and is expected to have an annual throughput of 1.1 million TEUs. In the past few years, Vietnam has been building new ports in order to meet growing demand for goods from China and other Asian countries.
Northern Vietnam's first deepwater port, Haiphong International Container Terminal (HICT), has hosted its maiden vessel. The $321m facility, a joint venture between Saigon New Port, Mitsui OSK Lines and Itochu of Japan, and Taiwan’s Wan Hai Lines, took two years to build. It can accommodate vessels of up to 14,000 TEUs and is expected to have an annual throughput of 1.1 million TEUs. In the past few years, Vietnam has been building new ports in order to meet growing demand for goods from China and other Asian countries.