As a strategic partner, APM Terminals will provide financial, commercial and technical support to HATECO Group Joint Stock Company (HATECO). The project aims to exploit the natural conditions and favorable geographical location of Lach Huyen area, Hai Phong City, creating favorable conditions for direct import and export of goods between Northern Vietnam and European and American markets. The project is also expected to directly create attractive opportunities for key customers and shippers and promote trade in the Northern region of Vietnam.

“We are proud of the Hateco Haiphong International Container Terminal (HHIT) project, which is the largest and most modern container terminal in Vietnam. We also appreciate the cooperation with APM Terminals and Maersk, which were carefully selected by HATECO to become our long-term strategic partners due to their shared vision of the market and their ability to contribute value both in terms of trade and port operations expertise,” commented Mr. Tran Van Ky, Chairman of the Board of Directors of HATECO Group.

“We are delighted to partner with HATECO on this important project, further opening up one of the fastest growing and high potential markets in Southeast Asia. This engagement reinforces our  aspiration  to grow purposefully where it makes sense for our customers, which is clearly Vietnam. We also believe in a mutually beneficial partnership with HATECO, which will create synergies between HATECO’s  local  advantages and our global capabilities,” commented Martijn van Dongen, Global   Head of Investment and Development at APM Terminals.

The investment project to build Wharf No. 5 and No. 6 of Lach Huyen Port, Hai Phong includes the investment and construction of 2 wharves with a total length of 900m (each wharf is 450m) capable of receiving container ships with a capacity of up to 18,000 TEU.

The investor HATECO expects to complete the infrastructure construction and equipment deployment by the end of 2024. The new port is expected to be operational in the first quarter of 2025. In the first phase, the port will have 5 STS gantry cranes and 14 RTG rubber-tired gantry cranes.