MOL, JV Partners Establish Terminal Co.
Mitsui O.S.K. Lines, Ltd. signed a contract to establish a joint terminal operation company with Saigon Newport Company, Hanjin Shipping Co., Ltd., and Wan Hai Lines, Ltd on February 4. The signing ceremony was held in Ho Chi Minh City. The terminal project will be located in Vietnam’s Cai Mep region and is slated to start operation in 2011.