Saigon Terminal Officially Opened

Dubai, UAE; Ho Chi Minh City, Vietnam, Jan, 30, 2010 (ME NewsWire): Celebrations today marked the official opening of DP World-operated Saigon Premier Container Terminal (SPCT) in Ho Chi Minh City, Vietnam.

Attending the event were DP World Chairman His Excellency Sultan Ahmed Bin Sulayem, Mr. Hồ Nghĩa Dũng, Minister of Transportation, Mr. Lê Hoàng Quân, Chairman of  HCMC People’s Committee and Mr. Phan Hong Quan, General Director of Tan Thuan Industrial Promotion Company, SPCT’s joint venture partner IPC a state owned enterprise, amongst 700 other senior officials and dignitaries.

The DP World-operated container terminal, which is located along the western shore of the Soai Rap River on 23 hectares in the Hiep Phuoc Industrial Park, is a state of the art facility which began operations in October 2009, just two years after construction began in September 2007. At the height of construction more than 1500 local workers were deployed on site.

Phase one of the development has 2 berths and storage capacity for up to 15,000 TEU (twenty foot equivalent container units) at a time, including 650 refrigerated container slots.

The continued development of the infrastructure by government authorities includes dredging of the Saoi Rap river to a depth of 9.5m, allowing SPCT to serve vessels with a nominal capacity of up to 5000 TEU close to the city.  DP World will then be able to serve both the intra-asia market and deep sea trades.

Additional dredging a depth of 12m is planned for the near future, when SPCT will be able to handle vessels up to 8000 TEU, further reducing logistical cost for Vietnamese exporters and importers
 
DP World Chairman His Excellency Sultan Ahmed Bin Sulayem said:
It is a great pleasure to be here today representing DP World on this auspicious occasion. We congratulate the Vietnamese Government and the People’s Committee of Ho Chi Minh City on their vision, and thank them sincerely for their commitment to building the infrastructure upon which the new industrial zone depends – notably roads, bridges, and especially the waterway access via a deepened Soai Rap River.
 
“I have visited Vietnam on many occasions and have been deeply impressed with the vibrancy and energy of this great country, and of Ho Chi Minh City in particular.  It therefore comes as no surprise to me that HCMC achieved growth in container traffic of 2% during last year’s unprecedented recession in World shipping.  

“This reinforces our confidence in the potential for this beautiful country.  We believe that with the right port facilities, further rapid expansion of international trade is not just possible but probable, to the benefit of both Vietnam and its trading partners.”

Currently five shipping lines have multiple weekly calls at the new facility.

-Ends-

Source: ME NewsWire

*View this release online and download high resolution images and logos at:
http://www.me-newswire.com/news/1354

Media inquiries

T.Q.Tuan
SPCT / Marketing
+84854136106
tuan.trinh@dpworld.com

Dana Khalaf
DP World
+971506585149
Dana.khalaf@dpworld.com

About DP World

DP World is one of the largest marine terminal operators in the world, with 49 terminals and 12 new developments across 31 countries(1).  Its dedicated, experienced and professional team of nearly 30,000 people serves customers in some of the most dynamic economies in the world. 

DP World aims to enhance customers’ supply chain efficiency by effectively managing container, bulk and other terminal cargo. 

The company constantly invests in terminal infrastructure, facilities and people, working closely with customers and business partners to provide quality services today and tomorrow, when and where customers need them.

In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted “Best Seaport in the Middle East” for 15 consecutive years.

In 2009, DP World handled more than 43.4 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia. With a pipeline of expansion and development projects in key growth markets, including India, China and the Middle East, capacity is expected to rise to around 95 million TEU over the next ten years.

www.dpworld.com

(1) As of January 2010