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Published: May 2008      

Cai Mep terminal gets under way

Vietnam’s Cai Mep International Terminal (CMIT) has awarded a US$112M contract to a South Korean consortium of Posco and Samwhan Corp to build a container terminal at Cai Mep in the southern Ba Ria-Vung Tau province south east of Ho Chi Minh City.

APM Terminals (APMT) has a 49% stake in CMIT, which was formed in 2007, with the remainder held by state-owned Saigon Port Co (SP) and Vietnam National Shipping Lines (Vinalines). The terminal is due to be completed before the end of 2010 with a draft of 14m and an annual handling capacity of 1.1M TEU...

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