Hanjin Shipping has announced plans to develop and operate its first container terminal in Vietnam. The company said it signed a joint-venture agreement with Saigon New Port for the development of a new dedicated container terminal in Ba Ria-Vung Tau province, about 45 miles from Ho Chi Minh City. The proposed facility, Tan Cang-Cai Mep International Container Terminal, is slated to open in the first quarter of 2011. It will have a total quay length of 590 meters and draft of 14.5 meters, with annual capacity of 1.15 million TEUs.
