The world’s biggest shipping line, MSC, wants to build a new transhipment “super port” in south Vietnam.
According to local media, MSC-owned Terminal Investment Ltd (TIL) has signed an agreement with Ho Chi Minh City to build a $6bn port in Can Gio, a district on the city’s outskirts.
The proposed facility would have a 7.2km wharf, annual capacity of 15m teu and be capable of handling 24,000 teu containerships.
Can Gio Port is expected to handle up to 80% transhipment and 20% gateway cargo, some reports suggest, with the project’s backers apparently eyeing Singapore’s success.
MSC is partnering with Vietnam National Shipping Lines and Saigon Port to build the terminal, with the first phase of construction earmarked to begin in 2024.
Vietnam’s container throughput has seen record growth in recent years, alongside the country’s export boom and success in attracting manufacturing away from China.