CMIT’s strong growth bolsters Vinalines-A.P Moller-Maesk cooperation

July 18, 2017 | 16:05
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Global shipping giant A.P. Moller-Maersk Group and state-run Vietnam National Shipping Lines (Vinalines), the country's largest shipping company, have agreed to boost cooperation in the future as the joint venture port Cai Mep International Terminals Ltd. is posting strong growth.
Nguyen Canh Tinh met with leaders of A.P. Moller-Maersk Group

At a recent meeting with Nguyen Canh Tinh, acting CEO of Vinalines in Denmark in late July, Anders Wurtzen, senior vice president of A.P. Moller-Maersk, said that Cai Mep International Terminals Ltd. (CMIT) is an important landmark in the cooperation between Vinalines and Maersk.

Especially, the call of Margrethe Maersk, an 18,000 TEU-Triple-E container ship, the world’s largest, at CMIT in early 2017 affirmed the long-term commitment of the group with Vietnam and Vinalines, Wurtzen added.

The two sides agreed to boost cooperation in providing Vinalines' domestic transportation services and increasing services and human resources quality.

A.P. Moller-Maersk is also interested in cooperation with Vinalines to invest in a number of projects, such as Lach Huyen Port, and Vinalines' initial public offering (IPO), which will be launched at the end of this year.

A.P. Moller-Maersk now has APM Terminals, one of the world's leading global port operators, and Maesk Line as members. As APM Terminals is a foreign partner of Vinalines in CMIT, the terminal is considered an important part in A.P. Moller-Maersk's global service chain.

Margrethe Maersk calls at CMIT

After facing troubles in attracting cargo in the 2011-2015 period, CMIT is enjoying strong recovery in recent years thanks to a number of measures to increase the volume of containers from the northern and central regions to Cai Mep and launching many new services.

In 2016, CMIT reported container throughput of 1.2 million TEUs, meeting its designed capacity, and revenue of $22.64 million.

In the first half of 2017, the terminal made a revenue of $11.4 million, surpassing the target by 3 per cent. It also handled 187 vessels with a container throughput of 620,834 TEUs, meeting 46.63 per cent of this year's target of 1.3 million TEUs, and rising 7.66 per cent from the same period last year.

Vinalines’ port activity surges
Triple-E container ship docks at Cai Mep international terminal
Effort helps CMIT weather the storm
Consortium to deepen ports in Cai Mep-Thi Vai
Cai Mep port welcomes one of world’s biggest container ships
Cai Mep International Terminal inaugurated
Vietnam port welcomes largest container vessel

By By Bich Thuy

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