Three Japanese firms, i.e. Mitsui O.S.K. Lines Ltd., Nippon Yusen KK andItochu Corp. plan to cooperate with a Vietnamese partner in buildingand running a large containership terminal in northern Viet Nam atan estimated cost of 30 billion yen. This will be one of the SoutheastAsian nation's biggest terminals.
According tothe Japanese economic daily of Nikkei, the Japanese trio and thestate-run Vietnam National Shipping Lines (Vinalines) are expected toagree soon on establishing a joint venture for building and operatingthe terminal. Vinalines will take a 51-percent stake, while the Japanesefirms will likely divvy up the remaining equity equally. Constructioncost will be covered by investments in the joint venture and loans.
Located in Lach Huyen district of the northern city of Hai Phong, the terminal will be set for completion in 2015. It will be able tohandle 855,000 TEUs (20-foot-equivalent units) of cargo a year, almosthalf of northern Vietnam 's total volume.
Theterminal will also be able to cater to large 8,000 TEU containershipsthat are unable to dock at neighboring ports, enabling direct exports toNorth America .
To date, cargo bound for NorthAmerica was first transported on smaller vessels to Hong Kong , thenswitched over to large containerships. The new terminal will cutshipping times to that market by a few days.
TheNikkei reported that as a transit point for Southeast Asia , Vietnamhas seen shipments skyrocket, with cargo amounts handled by northernVietnam ballooning some 600 percent over the past 10 years.
Panasonic Corp., Canon Inc. and other Japanese firms are setting upfactories in the nation. So as more port infrastructure is built, thenation is likely to be increasingly considered an export base./.
According tothe Japanese economic daily of Nikkei, the Japanese trio and thestate-run Vietnam National Shipping Lines (Vinalines) are expected toagree soon on establishing a joint venture for building and operatingthe terminal. Vinalines will take a 51-percent stake, while the Japanesefirms will likely divvy up the remaining equity equally. Constructioncost will be covered by investments in the joint venture and loans.
Located in Lach Huyen district of the northern city of Hai Phong, the terminal will be set for completion in 2015. It will be able tohandle 855,000 TEUs (20-foot-equivalent units) of cargo a year, almosthalf of northern Vietnam 's total volume.
Theterminal will also be able to cater to large 8,000 TEU containershipsthat are unable to dock at neighboring ports, enabling direct exports toNorth America .
To date, cargo bound for NorthAmerica was first transported on smaller vessels to Hong Kong , thenswitched over to large containerships. The new terminal will cutshipping times to that market by a few days.
TheNikkei reported that as a transit point for Southeast Asia , Vietnamhas seen shipments skyrocket, with cargo amounts handled by northernVietnam ballooning some 600 percent over the past 10 years.
Panasonic Corp., Canon Inc. and other Japanese firms are setting upfactories in the nation. So as more port infrastructure is built, thenation is likely to be increasingly considered an export base./.
