First deep sea box terminal at Haiphong opens and eyes a mainline call

Haiphong International Container Terminal (HICT), capable of handling 14,000 TEU vessels, has opened for business. 130km from Hanoi, port of Haiphong has average annual growth of 14.6% in 2012 – 17. Its throughput was 4.45m TEU.

HICT, part of the Lach Huyen port development, was constructed south of the river estuary on Cat Hai island and has a 14-metre depth. It has 2 berths, totalling 750 metres, 2 quay cranes with another 4 due to go online in February, when capacity will reach 1.1m TEUs. HICT expects to handle around 150,000 TEUs by the end of the year.
Carriers calling at HICT include MCC Transport and a consortium that includes PEL & KMTC connects to India via a weekly 6,000TEU vessel call.

According to Saigon Newport, which holds a 51% stake, said trades to the US and Europe could save 5 to 7 days. Cargo from Haiphong is currently transhipped at Hong Kong or Singapore. Electronics exports and automotive sector have helped propel Haiphong with 14% GDP growth in 2017.

(The Loadstar)