Vietnam's Cai Mep terminals see strong container volume growth

Container volumes in Southern Vietnam’s Cai Mep port complex grew 21 % the first 10 months of the year and reached 2.4m teu.

By contrast upstream Ho Chi Minh City terminals grew a more modest 5 % over the same period for a total of 5.4m teu according to Vietnam Ports Association.

Dry bulk volumes increased correspondingly. Animal feed imports grew in the low double digits.

 The development is overall very encouraging according to SSA Marine’s Soren Pedersen: “Our SSIT joint venture terminal in Cai Mep became the largest bulk port in Vietnam by volume first half 2018”. SSA’s deep water facility in Cai Mep was specifically built for ultra-large container vessels. 

“A significant milestone was reached when SSIT commenced handling containers mid 2018 welcoming the MV MSC Rosaria,” said Soren Pedersen.

 MSC’s new weekly Cai Mep service deploys four 4,000 teu- container vessels linking SSIT with five ports in Japan on a northern loop plus Singapore, Tanjung Pelepas and Laem Chabang on a southern loop. 

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Cai Mep’s storng container growth rate is founded on the port cluster anchoring some 13 US East/Westcoast services, two Europe strings along with eight intra-Asia connections.

 “To continue to grow we need the authorities to dredge the channel,” said Pedersen. “While the SSIT terminal features ULCV capable 23 wide gantry cranes and 16.5 metres of water alongside, we are hampered by the current 13.5 metres access channel limitation at low tide”. 

“The future is bright for SSIT. Three terminals in Cai Mep can accommodate 18,000-20,000 teu vessels and SSIT is one of them,” said Pedersen. 

The growth in Northern Vietnam has mirrored developments in the South. Container volumes handled by terminals in Haiphong and Cai Lan are growing at around 10 % and is expected to reach 5m teu in 2018. 

SSA’s CICT joint venture terminal in Quang Ninh is growing. Pedersen said: “Bulk volumes are strong. With the upcoming launch of our brand new on-dock bulk warehouse complex we are better able to support the continued expansion of CICT’s bulk cargo base”. 

 Vietnam’s overall trade growth will remain strong in the years to come linked to the steady 6-7 % GDP growth rate recorded over past years. Vietnam’s port infrastructure is modern and well developed and capable handling the increase in trade.

Posted 20 December 2018

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Michele Labrut

Americas Correspondent, Seatrade Maritime News

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