What's Happening?
APM Terminals has become a 49% minority shareholder and operating partner in the Hateco Hai Phong International Container Terminal (HHIT) in Vietnam. This partnership follows three years of collaboration in developing the terminal from a greenfield project
to a fully operational facility. HHIT, located in Haiphong City, is the largest deep-water port in North Vietnam, strategically positioned to facilitate trade between Vietnam and European and American markets. The terminal is equipped to handle vessels up to 18,000 TEU and incorporates advanced technologies for safety, automation, and decarbonization.
Why It's Important?
The involvement of APM Terminals in HHIT underscores the strategic importance of Vietnam as a key player in global trade. The terminal's capabilities enhance Vietnam's position as a major maritime hub, facilitating efficient import and export activities. This partnership reflects APM Terminals' commitment to providing smarter, greener logistics solutions, contributing to the region's economic growth and sustainability. The development of HHIT is a testament to successful public-private partnerships in advancing infrastructure and trade capabilities.
