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DP World's Vietnam jv terminal to launch in October

Dubai: Internationla terminal operator DP World has announced that its container terminal joint venture with Vietnam's IPC will kick start operations in October 1st. The Saigon Premier Container Terminal' (SPCT), is located on the Soai Rap River 15 kilometres from Ho Chi Minh and is expected establish the port as the country's main commercial hub.

Peter Wong, DP World svp and md Asia Region, said, 'SPCT is strategically placed to service not only Ho Chi Minh City but also the surrounding industrial zone.'

The region's second fastest growing economy, Vietnam has seen an average annual growth of 7.1% since 2000. According to news reports, while Ho Chi Minh City is currently served by various port facilities along the Dong Nai and Saigon rivers, several terminals on the Saigon River are slated for progressive closure over the next several years. Proximate to Ho Chi Minh City's industrial hinterland, SPCT is slated to handle cargo that currently moves through these ports, while attracting new volumes.

Glen Hilton, vp and md DP World SE Asia Region said, '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. 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 5,000teu.'  [20/07/09]


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