APM Terminals (APMT) has announced a strategic partnership with Vietnamese HATECO group for a project to develop two new deep-water berths at Lach Huyen port in Haiphong City, Vietnam.
APM Terminals will provide financial, operational, and technical support to HATECO as part of the partnership.
The project is anticipated to see the development of two berths with the total length of 900 metres (450 metres each), capable of accommodating container vessels with a capacity of up to 18,000 TEU.
The partnership aims to leverage the natural conditions and geographical location of the area, with the objective of facilitating direct import and export of goods between the north of Vietnam and European and American markets, according to APMT.
The project is also expected to directly create attractive opportunities for key customers and cargo owners in the north of Vietnam.
The investor, HATECO, intends to complete all construction works and deploy equipment by the end of 2024 and the new terminal is expected to become operational by Q1 2025, reported APMT.
In the initial phase, the facility will have 5 ship-to-shore (STS) cranes and 14 rubber-tyre gantry (RTG) cranes.
READ: APMT welcomes largest containership ever to call at Vietnam
“We are very pleased to partner with HATECO on this important project, further unlocking one of the rapidly growing and high-potential markets in South-East Asia,” said Martijn van Dongen, Head of Investment at APM Terminals.
“We also believe in the win-win partnership with HATECO, which will create synergies between local expertise and our global capabilities.”
This announcement comes more than a month after APMT Mobile announced a $60 million investment in expanding its rail infrastructure capabilities to double capacity.
More recently, APMT Mumbai (Gateway Terminals India – GTI) in Nhava Sheva Port temporarily closed down its Berth 1 to continue its Fit for Future project.
The project includes massive infrastructure upgrades that will see the Mumbai terminal increase its volume capacity by 10 per cent, to 2.8 million TEU.