MOL Opens Haiphong Container Terminal in Vietnam
Mitsui O.S.K Lines (MOL) announced the opening of the new Haiphong International Container Terminal (HICT) at Lach Huyen Port in Vietnam on May 13, 2018.
HICT spans a total area of 45 hectares, and is the first terminal in northern Vietnam with a berth deep enough to allow calls by 14,000 TEU container ships.
Featuring two berths around 750m, the terminal is expected to handing approximately 1.1 million TEU annually.
The new terminal will meet demands for shorter transit times and lower transport costs in the region, while helping accelerate the economic growth in Northern Vietnam.
Additionally, MOL participates in the tugboat business at Lach Huyen Port and will be able to meet expanding demand for HICT by supporting the large containerships that will call more frequently.
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The opening of the terminal will be the first set of operations in Lach Huyen port — the port was built through a Public Private Partnership (PPP) between the governments of Japan and Vietnam.
Backed by a loan from Japan, the Vietnamese government has been constructing various infrastructure projects; including reclamation, levee protection, and the building of causeway and access roads between the port and Cat Hai Island.
MOL has been focusing on infrastructure development in Vietnam, and opened the Tan Cang - Cai Mep International Terminal at Cai Mep Port in Southern Vietnam in 2011.
In Northern Vietnam the group has already expanded its logistics business operations — such as warehousing, inland transport and a container depot business in the Haiphong area.
With the newly opened terminal MOL has further expanded its presence in Northern Vietnam, and expects significant development and growth in the future.