Going where the action is. And going large.
From gCaptain, May 28:
CMA CGM Group has signed a partnership agreement with Saigon Newport Corporation (SNP) to develop a new deep-water terminal in Haiphong, northern Vietnam, marking a significant expansion of its presence in Southeast Asia.
The project, representing a $600 million investment, will see the development of Lach Huyen terminals 7&8 in the strategically positioned Lach Huyen area. The facility is designed to handle 1.9 million TEUs and is scheduled to commence operations in 2028.
This development comes at a crucial time for Vietnam’s economy, which has seen dramatic growth in container volumes, particularly in the northern region which has emerged as one of Southeast Asia’s fastest-growing economic zones....
....MUCH MORE
