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01 Jun 2025

CMA CGM Signs $600M Vietnam Box Terminal Deal

01 Jun 2025  by splash247   
France’s CMA CGM has signed an agreement with Saigon Newport Corporation (SNP) to develop a $600 million deepwater terminal in Haiphong, northern Vietnam. The project focuses on the design, construction, and operation of Lach Huyen Terminals 7 and 8, located in the Lach Huyen area of Haiphong, with a planned capacity of 1.9 million twenty-foot equivalent units (TEUs). The terminal is expected to commence operations in 2028.

The partnership strengthens CMA CGM’s presence in Vietnam, where it operates 29 weekly shipping services across seven ports. The Marseille-based company, which co-owns the Gemalink terminal in Cai Mep and the Vietnam International Container Terminal in Ho Chi Minh City, emphasized that the new terminal will ensure long-term capacity in a region critical to Asian supply chains. Haiphong’s strategic location supports the region’s rapid industrial and logistics growth, enhancing Vietnam’s role as a key hub for global trade.

The Lach Huyen terminal project aligns with the increasing demand for efficient port infrastructure to handle growing cargo volumes in northern Vietnam. By investing in advanced facilities, CMA CGM and SNP aim to improve operational efficiency and support the region’s economic development. The deepwater terminal will facilitate larger vessels, streamlining maritime logistics and boosting Vietnam’s connectivity within global trade networks.

This collaboration reflects CMA CGM’s commitment to expanding its footprint in Vietnam, leveraging its expertise in port operations and shipping services. The agreement with SNP, a leading Vietnamese port operator, underscores the importance of partnerships in delivering high-capacity infrastructure to meet the evolving needs of international trade.

The development of Lach Huyen Terminals 7 and 8 is poised to contribute significantly to Haiphong’s emergence as a major maritime hub, supporting sustainable growth in Vietnam’s logistics and industrial sectors. The project highlights the strategic importance of Vietnam in global supply chains and the shared vision of CMA CGM and SNP to advance regional trade capabilities.

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