Printer Friendly
Email a Friend
SSA in Vietnamese venture
01 Nov 2006
The Vietnamese government has approved the establishment of a jointventure between Saigon Port and SSA Marine to manage the SP-SSA International Container Terminal (SSIT) at Cai Mep-Thi Vai. Saigon Port, a subsidiary of Vietnam National Shipping Lines Corporation (Vinalines), already operates five terminals in southern Vietnam, amounting to 3,000 metres of berthing line.
The planned new facility is to be built to the southeast of Ho Chi Minh City (formerly known as Saigon). This is the first known joint-venture project involving foreigners that has been approved by the Vietnamese government.
Another project at the same port is being developed by PSA and APM Terminals. SSIT will have a 600 metre long berthing line. Annual capacity will be 1.35m teu. Investment required has been estimated at $160m.
