Seoul: Hanjin Shipping has signed a joint venture agreement with Saigon New Port for construction of a dedicated terminal in Ba Ria-Vung Tau, Vietnam. The Tan Cang-Cai Mep International Container Terminal, scheduled to open during the 1st quarter of 2011, will boast two berths and an annual capacity of 1.15m teu.
G.S. Choi, evp and chief executive of Hanjin Shipping's Terminal Business Unit commented, "Considering the potentials of the Vietnamese market, building a dedicated terminal in the region will allow us to ensure constant availability of berths for our vessels, upgrade customer service with reduced costs and improved schedules." He added, "In the long-run, we are confident that it will serve as a major hub port in South West Asia. Also, this will be a milestone for Hanjin Shipping's terminal business to become a new driving for the company."
Meanwhile, Hanjin Shipping, now with 12 dedicated terminals world wide, is scheduled to open additional terminals in Busan New Port during the first half of this year, Algeciras, Spain in 2010 and Jacksonville, Florida in 2011. [04/02/09]
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