By Rob Morris
Strong demand for cargo services encourages DP World to open a terminal in Vietnam in October.
DP World is set to open a shipping terminal in Vietnam this October following strong demand for cargo services.
The Dubai-based marine terminal operator said on Wednesday that the new operation was being developed to capitalise on Vietnam’s annual 7.1 percent economic growth since 2001.
Saigon Premier Container Terminal is a joint venture between DP World and Vietnam’s IPC. It will be located on the Soai Rap River, 15km from Ho Chi Minh City.
The new cargo hub will replace other terminals serving Ho Chi Minh City on the Saigon River that are earmarked for progressive closure in the coming years.
“With 500 metres of wharf and five cranes in Phase I, SPCT can easily handle the largest vessels currently calling at Ho Chi Minh City,” said Glen Hilton, DP World’s vice president and managing director for south east Asia.
“Dredging of the Soai Rap River to 9.5 metres, completed by the end of 2010, will cut two hours off current steaming time and double the size of alongside vessels to 5,000 TEU.”