Tuesday, March 23, 2021

ANALYSIS/OPINION:

Cai Mep International Terminal (CMIT), established in 2007 as a joint venture between Saigon Port, Vietnam National Shipping Lines and the global leader APM Terminals BV, is one of Vietnam’s busiest container terminals, located strategically in Ba Ria-Vung Tau province just outside Ho Chi Minh City, the country’s main commercial hub. It has direct access to and from the main shipping markets in Asia, Europe and the Americas.

“We are proud to be the only terminal in Vietnam capable and permitted to accommodate mega container ships larger than 18,000 TEU” said Mr Nguyen Xuan Ky, CEO of CMIT. “In fact, on October 26, 2020 we successfully accommodated the largest vessel in Vietnam’s history with close to 20,000 TEU” he added.


In addition, CMIT operates 5 Super Post-Panamax (22+1 row outreach) STS cranes, the largest modern container cranes available and has a fast and direct link to the East Coast of the US. “Indeed, ships departing from Cai Mep can reach Los Angeles in just 16-19 days” said Nguyen.

CMIT has been an important part of the booming US-Vietnam trade relationship which currently stands at USD 80 billion, making the US the number one export market for Vietnam. “This trade relationship is very important for both countries and CMIT has played an integral role to this. In addition to a recent upgrade of our terminal, we have invested in a 6th crane and more equipment to be available in 2021 as we are currently running at full capacity in order to keep supporting Vietnamese exporters - the backbone of the nation’s economy” said Nguyen.

The terminal is also able to serve transshipment to other countries of the region, particularly ships transporting to and from Cambodia and is fast becoming one of Southeast Asia’s most important terminals as well. “In relation to the ASEAN region, CMIT is centrally located and given its upgrades and capabilities, we are in the best position to support the Association with its Free Trade Agreements” said Nguyen Xuan Ky.


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