May 6 – A joint venture between the United States and Vietnam will develop three new wharves in the Cai Lan Port located in the northern Quang Ninh Province.
The venture, called Cai Lan International Container Port, will build wharves No. 2, 3 and 4 at a cost of US$179 million slated to be completed in the third quarter of the year. Upon completion, the port will be able to receive ships with a capacity of DWT 40,000 plus offer more logistics services to businesses.
The project will be a collaboration between the Cai Lan Port Investment Joint Stock Company and SSA Holdings International-Vietnam, an affiliate of the U.S. Carrix Group. The Cai Lan International Container has so far spent US$103 million to upgrade the port with the goal to boost capacity to 760,000 TEU annually by 2017.
The Cai Lan Port is the country’s first deepwater seaport in the north, equipped with eight wharves. It is located in Quang Ninh Province which is famous for for its scenic Halong Bay and coal production.