The container terminal, owned by APM, Saigon Port and Vinalines, has an annual capacity of 1.1m teu.
“Our productivity has already reached world-class levels regularly exceeding 40 crane moves per hour which shows how competitive Vietnamese ports can be,” said Steen Davidson, managing director of CMIT.
The Cai Mep port area in southern Vietnam's Ba Ria-Vung Tau province houses five competing terminals, namely CMIT, Saigon Port-PSA Vietnam, Tan Cang-Cai Mep International Terminal, Saigon International Terminals Vietnam, and SP-SSA International Terminal.
Two more terminals – Japan's Official Development Assistance and GemaLink Terminal – are coming on-stream over the next 15 months.
The region is expected to boast an annual handing capacity of approximately 7m teu when all the terminals go into operation.
“Given the current surplus capacity in Cai Mep, terminal operators need to attract more transhipment volumes to Vietnamese ports to fuel future growth,” said Nguyen Xuan Ky, commercial director of CMIT.
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