Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Green light for PSA port venture in Vietnam

Green light for PSA port venture in Vietnam

Ho Chi Minh City: The government has approved the setting up of a joint venture between Singapore-based PSA and state-owned Saigon Port to develop the first phase of a new container and logisics port in the Baria-Vung Tao province in southern Vietnam, reports the Saigon Times. The first phase of the port, to be located on the Thi Vai River, requires an investment of $165m through to 2010, whie a second phase woud need another $133mby 2017. In total it is planned to build four wharves capable of handling 1.5m teu a year. Separately Saigon Port already has plan to build container terminals with both APM Terminals and SSA of the US, while Hutchison Ports is reported to be looking for a suitable local partner to follow suit.    [15/11/06]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.