APM Terminals and HATECO develop new Vietnamese terminal

APM Terminals (APMT) has announced a strategic partnership with Vietnamese HATECO Group for a project to develop two new deepwater berths at Lach Huyen Port in Haiphong City, Vietnam.

APM Terminals will support HATECO financially, operationally and technically as part of the partnership.

The project envisages the development of two berths with a total length of 900 meters (450 meters each) that can accommodate container ships with a capacity of up to 18,000 TEU.

The partnership aims to take advantage of the area’s natural conditions and geographic location to facilitate the direct import and export of goods between northern Vietnam and the European and American markets, according to APMT.

The project is also expected to directly create attractive opportunities for key customers and cargo owners in northern Vietnam.

Investor HATECO intends to complete all construction works and provide the equipment by the end of 2024, and the new terminal is expected to be operational by the first quarter of 2025, APMT reported.

In the initial phase, the facility will have 5 Ship-to-Shore (STS) cranes and 14 Rubber Tire Gantry Cranes (RTG).

“We are very pleased to be working with HATECO on this important project and to further develop one of the fast growing markets with high potential in Southeast Asia,” said Martijn van Dongen, Head of Investment at APM Terminals.

“We also believe in the win-win partnership with HATECO, which will create synergies between local expertise and our global capabilities.”

This announcement comes more than a month after APMT Mobile announced a $60 million investment to expand its rail infrastructure capacity to double capacity.

Recently, APMT Mumbai (Gateway Terminals India – GTI) at Nhava Sheva Port temporarily closed its Berth 1 to continue its Fit for Future project.

The project includes massive infrastructure upgrades that will result in the Mumbai terminal increasing its volume capacity by 10 percent to 2.8 million TEU.

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