Mitsui O.S.K. Lines, Ltd. in conjunction with their joint venture partner Haiphong International Container Terminal Co., Ltd. recently held a ceremony to celebrate the opening of the new Haiphong International Container Terminal (HICT) at Lach Huyen, Vietnam.
The new terminal in North Vietnam has a berth deep enough to allow calls by 14,000TEU container ships and is it the first of its kind in the Northern region.
The new terminal will feed the increased demand from customers requiring shorter transit times and lower transport costs, HICT will also contribute to the continued economic growth in North Vietnam, such as Haiphong industrial park, since large-size container vessels, which provide direct links to Asia and North America/Europe can now call at the port.
The Tugboat division of MOL will also benefit at Lach Huyen Port as with the expanding demand for HICT comes increased frequency of large container ships.
The construction project is the first Public Private Partnership (PPP) between the countries of Vietnam and Japan and was funded by Yen Loan from Japan.
In 2011 the MOL Group opened Tan Cang – Cai Mep International Terminal located in South Vietnam at the Cai Mep Port. The company has continued to focus on infrastructure development in Vietnam and is currently enhancing and expanding their logistics business operations in the Haiphong area with the further development of their container depot, inland transport, customs clearance and warehousing services.