APM Terminals has entered into a strategic partnership with HATECO group for a project to develop two new deep-water berths at Lach Huyen port in Haiphong City, located in the north of Vietnam.
As part of the strategic partnership, APM Terminals will provide financial, operational and technical support to HATECO Group Joint Stock Corporation (HATECO).
“We are proud of Hateco Haiphong International Container Terminal (HHIT) project, which is the largest and most modern container port facility in Vietnam,” commented Mr Tran van Ky , Chairman of HATECO Group.
“This involvement naturally underpins our ambition to grow where it benefits our customers, and that is clearly the case in Vietnam. We also believe in the win-win partnership with Hateco, which will create synergies between local expertise and our global capabilities,” said Martijn van Dongen , Head of Investment at APM Terminals.
The project entails investment into and development of two berths with the total length of 900 meters (450m each), capable of accommodating container vessels of up to 18,000 TEUs capacity.
According to HATECO, this includes construction of the port’s infrastructure, ships turning and docking area, deepening of the Lach Huyen navigation channel; and development of over 40 ha of land needed for the new facilities.
The investor, HATECO, intends to complete all construction works and deploy equipment by the end of 2024 and the new terminal is expected to become operational by the first quarter of 2025.