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Container Shipping & Trade

Container Shipping & Trade

MOL boosts presence in Vietnam with new box terminal

Tue 15 May 2018 by Rebecca Moore

MOL boosts presence in Vietnam with new box terminal
MOL’s new Haiphong International Container Terminal (HICT) opens

MOL has announced that its joint venture company Haiphong International Container Terminal Co has held an opening ceremony for the new Haiphong International Container Terminal (HICT) at Lach Huyen Port.

MOL said that HICT is the first terminal in northern Vietnam with a berth deep enough to allow calls by 14,000 TEU container ships. It will meet customer demands for shorter transit times and lower transport costs, while contributing to economic growth in northern Vietnam including Haiphong Industrial Park, since large container vessels offering direct links to Asia and North America/Europe can call at the port.

In addition, MOL operates a tug boat business at Lach Huyen Port, so it will meet expanding demand for HICT by supporting the large container ships that will call with increasing frequency, while ensuring safe vessel operation.

The opening of the terminal means the opening of Lach Huyen Port itself. The Lach Huyen Port construction project is the first public private partnership (PPP) between the governments of Japan and Vietnam. Backed by Yen Loan from Japan, the Vietnamese Government has been constructing infrastructure projects such as reclamation, levee protection, a groin and breakwater, causeway and access road between the port and Cat Hai Island. HICT, as a private business entity in which MOL invests, rents space to operate the container terminal.

The MOL Group opened Tan Cang - Cai Mep International Terminal at Cai Mep Port in southern Vietnam in 2011 and has been focusing on infrastructure development in Vietnam. In northern Vietnam, the group is expanding its logistics business operations such as customs clearance, warehousing, inland transport and a container depot business in the Haiphong area.

MOL said “With the newly opened terminal, MOL group has further expanded its presence in northern Vietnam, which is expected to show significant development and growth in the future. The MOL Group continually provides stress-free services to meet customer needs throughout Vietnam.”

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