DP World to open new Vietnam terminal

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Global marine terminal operator DP World has set October 1st, 2009 as the date of the official inauguration of its state-of-the-art Saigon Premier Container Terminal (SPCT). A joint venture between DP World and Vietnam’s IPC, SPCT is located on the Soai Rap River 15 kilometres from Ho Chi Minh City. SPCT will further establish Ho Chi Minh City as the country’s main commercial hub.

The region’s second fastest growing economy, Vietnam has seen an average annual growth of 7.1 percent since 2000. While Ho Chi Minh City is currently served by various port facilities along the Dong Nai and Saigon rivers, several terminals on the Saigon River are slated for progressive closure over the next several years. Proximate to Ho Chi Minh City’s industrial hinterland, SPCT will handle cargo that currently moves through these ports, while attracting new volumes.

Peter Wong, Senior Vice President & Managing Director, Asia Region, said: “SPCT is strategically placed to service not only Ho Chi Minh City but also the surrounding industrial zone.”

Glen Hilton, Vice President & Managing Director, DP World SE Asia Region, added: “With 500 metres of wharf and five cranes in Phase I, SPCT can easily handle the largest vessels currently calling at Ho Chi Minh City. Dredging of the Soai Rap River to 9.5 metres, completed by the end of 2010, will cut two hours off current steaming time and double the size of alongside vessels to 5,000 TEU.”