Vietnam’s Cai Mep International Terminal is now among 20 ports globally that are capable of receiving Margrethe Maersk, one of the world’s largest container ships.
Margrethe Maersk, one of the world’s largest container shipd, successfully docked at Cai Mep International Terminal (CMIT) in the southern province of Ba Ria – Vung Tau on October 25, making the CMIT one of 20 terminals globally capable of receiving such a large ship.
Margrethe Maersk at Cai Mep International Terminal. Source: Plo.vn |
The 214,121-DWT vessel, operated by the 2M Alliance led by Maersk Line and Mediterranean Shipping Company, is designed to carry over 18,300 twenty-foot equivalent units (TEU), is 400 meters in length and 59 meters in width.
The docking of Margrethe Maersk also has a significant meaning as Vietnam is a member of next-generation free trade agreements, including the CPTPP and EVFTA.
As such, Vietnam’s exports would be fed to large container ships that go directly to major markets, such as Europe or the US, without having to be transited at transshipment hubs in Singapore or Malaysia. This in turn would help reduce logistics costs, travel time, and enhance competitiveness for Vietnamese goods.
On the same day, at the Nghi Son economic zone in Thanh Hoa province, the construction for Quang Trung port with investment capital of VND450 billion (US$19.41 million) was commenced.
The port is expected to accommodate container vessels with sizes in range from 50,000 – 70,000DWT, while the handling capacity of the port would be around 1.5 million tons of goods per year.
The construction of the port is divided into two phases, with the first one being scheduled to complete in 2021.
Other News
- Vietnam Innovation Challenge 2024: Sparking innovation for semiconductor and AI industries
- Vietnam's ride-hailing market to reach US$2.16 billion by 2029: Mordor Intelligence
- Trade ministry to propose pilot mechanism for offshore wind projects
- Hanoi strives to ensure sufficient power supply in 2024
- Vietnam signs 12 trade cooperation agreements with Chinese province
- Hanoi sees jobs rebound as thousands get hired by 2024
- Hanoi: top performer in innovation index in 2023
- ADB urged to change funding approach for projects in Vietnam
- Hanoi and Vientiane forge stronger tourism and trade ties
- Vietnam GDP growth expected to reach 5.5% in first quarter: UOB
Trending
-
Vietnam Innovation Challenge 2024: Sparking innovation for semiconductor and AI industries
-
Vietnam news in brief - March 18
-
Vietnam’s Foreign Ministry negotiates visa waiver agreements with 15 countries
-
The nostagic beauty of Hanoi streets in sketches
-
Casinos contribute US$370 million to state budget over 5 years
-
Hanoi Times Weekly Podcast - Mar. 16
-
"Get on Hanoi 2024" kicked off
-
Smart City environmental impact assessment approved
-
Get On Hanoi 2024: Exhibitions and artistic performances wow visitors