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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This complete item is approximately 400 words in length, and appeared in the May 2008 issue of WorldCargo News, on page 14.
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