Cai Mep International Terminal will handle close to 600,000 20-foot equivalent units in 2012, representing 50 percent of the containers moving through the Vietnamese port which has five other terminals.
The terminal is internationally competitive after only one year of operations, according to APM Terminals, the A.P. Moller-Maersk port unit, which owns 49 percent of the facility.
“Our productivity has already reached world-class levels regularly exceeding 40 crane moves per hour which shows how competitive Vietnamese ports can be,” said Steen Davidson, Managing Director of MCIT.
Despite the successful launch, the new terminal faces challenges. “Given the current surplus capacity in Cai Mep, terminal operators need to attract more transshipment volumes...to fuel future growth,” according to Nguyen Xuan Ky, CMIT Commercial Director.
“To achieve this, we need assistance from the government to make port charges more competitive with other Southeast Asian countries,” Ky said during a visit to the terminal by a government delegation led by Vietnamese president Truong Tan Sang.
The CMIT, which has an annual capacity of 1.1 million TEUs, is the only Vietnamese terminal able to accommodate deeper draft vessels. It handled 186,000 TEUs in 2011.