Gemalink, a company of the HCM Stock Exchange-listed Gemadept Corp and French group CMA – CGM, concluded a contract with the Republic of Korea alliance Dealim-SAMWHA to develop the infrastructure of its container terminal in southern Ba Ria-Vung Tau province.
Work for this Gemalink Cai Mep Container Terminal is scheduled for August and operation is expected in 2013, according to chairman Do Van Minh.
Investment will total 300 million USD for the first phase until 2013, which will complete the main quay of 800m for mother ships, a barge quay of 260m and a yard space of 33ha. The annual capacity is 1.2 million TEUs (20-foot equivalent units).
The second phase is planned to finish in 2014 when the yard space will increase to 72ha and the main quay will expand to 1,150m, the barge quay to 370m. Its capacity will increase to 2.4 million TEUs.
The deep-water port, the only one with a licence for 200,000 DWT (dry-weight tonne) vessels, is within the Cai Mep Port , Group 5 of the Government's master plan for port system development.
The Cai Mep area, where around 70 percent of the country's container volume is concentrated, also includes several other smaller terminals, according to Minh.
CMA – CGM is the world's third largest container shipping firm, which carried 7.9 million TEUs last year, with a total revenue of 10.5 billion USD. Gemadept specialises in shipping, port operations and logistics./.
Work for this Gemalink Cai Mep Container Terminal is scheduled for August and operation is expected in 2013, according to chairman Do Van Minh.
Investment will total 300 million USD for the first phase until 2013, which will complete the main quay of 800m for mother ships, a barge quay of 260m and a yard space of 33ha. The annual capacity is 1.2 million TEUs (20-foot equivalent units).
The second phase is planned to finish in 2014 when the yard space will increase to 72ha and the main quay will expand to 1,150m, the barge quay to 370m. Its capacity will increase to 2.4 million TEUs.
The deep-water port, the only one with a licence for 200,000 DWT (dry-weight tonne) vessels, is within the Cai Mep Port , Group 5 of the Government's master plan for port system development.
The Cai Mep area, where around 70 percent of the country's container volume is concentrated, also includes several other smaller terminals, according to Minh.
CMA – CGM is the world's third largest container shipping firm, which carried 7.9 million TEUs last year, with a total revenue of 10.5 billion USD. Gemadept specialises in shipping, port operations and logistics./.
