MOL to open container terminal in Vietnam

Wednesday, 20 May 2009 10:03

Japan’s Mitsui OSK Lines (MOL) is building a new US$207.5 million container terminal in Vietnam with part of the facility to be completed by the end of May.

The container terminal at Cai Mep Port, near Ho Chi Minh City, will be used for large ships carrying goods at low costs on a new North American route to be launched. Two 6,350TEU will be deployed for the service. These vessels are capable of carrying nearly four times as many containers as many of the ships in MOL’s current fleet.

 

When MOL takes over the terminal in 2011, it aims to double the number of containers handled a week to 1,000.