THE Vietnamese government is to spend US$24 million to upgrade Terminal 1 in Quy Nhon Port, so it can serve two fully loaded 4,000 TEU ships simultaneously.
The work involves expanding the quay length by 35 metres to 480 metres and is expected to be completed in 2023. Currently the port can handle just one 2,000 TEU vessel, reports London's Loadstar.
Located in the central Binh Dinh province, Quy Nhon Port currently handles more than 130,000 TEU annually.
Vietnam Maritime Corporation deputy general director and port chairman Pham Anh Tuan said: 'The terminal upgrading shows our commitment to meet the target of processing 15 million tonnes of cargo by 2025, therefore contributing to meeting the socio-economic development plan in Binh Dinh province and the central highlands.'
As part of the development of Quy Nhon, the port launched an online portal on November 28 to facilitate real-time monitoring of cargo movements and electronic payments.
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The work involves expanding the quay length by 35 metres to 480 metres and is expected to be completed in 2023. Currently the port can handle just one 2,000 TEU vessel, reports London's Loadstar.
Located in the central Binh Dinh province, Quy Nhon Port currently handles more than 130,000 TEU annually.
Vietnam Maritime Corporation deputy general director and port chairman Pham Anh Tuan said: 'The terminal upgrading shows our commitment to meet the target of processing 15 million tonnes of cargo by 2025, therefore contributing to meeting the socio-economic development plan in Binh Dinh province and the central highlands.'
As part of the development of Quy Nhon, the port launched an online portal on November 28 to facilitate real-time monitoring of cargo movements and electronic payments.
SeaNews Turkey