SSA Marine’s investment in Vietnam’s fledgling port system looks to pay future dividends with the Southeast Asian nation’s growing trade.
Cargo owners and the container-shipping alliances are benefiting from the foresight of SSA Marine’s two ventures in port facilities in Vietnam. Although bulk cargo is still dominant, SSA Marine Vietnam terminal operations are capable to handle the growing container shipments. Trade agreements, larger vessels and new transshipment rules will further boost Vietnam’s needs for seaport improvements.
Seattle, Washington based SSA Marine began in 1949 as a cargo handling operation by Fred R. Smith under the name Bellingham Stevedoring Company. Carrix, Inc. is now the parent company and privately-held with terminal operations in ten countries for stevedoring, marine terminals and rail yards. CICT (Cai Lan International Container Terminal) is located near Ha Long Bay/Cai Lan, Quang Ninh province in the North of the country close to Vietnam’s borders with China. The second terminal is SSIT (Saigon Port-SSA International Terminal) located in the South on the Thi Vai River Ba Ria Vung Tau province. “SSA Marine is a shareholder at two port facilities in Vietnam. We are locally partnering with companies controlled by the Vietnamese Ministry of Transport,” said Bob Watters, senior vice president, SSA Marine in an interview with AJOT…
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