ビンゴ 5 結果 Launches Company to Operate Container Terminal in Cai Mep, Vietnam

September 29, 2009

TOKYO - Mitsui O.S.K. Line, Ltd. (ビンゴ 5 結果, President: Akimitsu Ashida) today announced that the company has received approval from the government of Vietnam to establish a new joint terminal operation company, Tan Cang Cai Mep International Terminal Company Ltd. (TCIT)^*. The new company will operate the Tan Cang Cai Mep International Terminal slated to open in February, 2011. Katsunori Moriya, General Director of ビンゴ 5 結果 (Vietnam) Co., Ltd. has been named the first General Director of TCIT.

Masakazu Yakushiji, Executive Vice President of ビンゴ 5 結果 commented, "We are very pleased to announce TCIT has received Investment Certificate from the Vietnamese Government. We are now working hard to establish the most efficient container terminal in Cai Mep. I strongly believe the operation of this new terminal will strengthen our position in South East Asia"

ビンゴ 5 結果 is committed to providing top-quality container terminal services that meet Vietnam's high expectations through tie-ups with specialized partner companies.

1. Profile of JV company

(1) Name:

Tan Cang Cai Mep International Terminal Company Limited

(2) Business:

Container terminal operation

(3) Ownership:

Mitsui O.S.K. Lines, Ltd.
Saigon Newport Company (Vietnam)
Hanjin Shipping Co., Ltd.(Republic of Korea)
Wan Hai Lines, Ltd. (Taiwan)

2. Outline of terminal

Name:

Tan Cang Cai Mep International Terminal

Location:

Cai Mep region, southern Vietnam

Total area:

About 40 hectares

Total length of wharf:

590 meters (2 berths)

Draft:

About 14m
(capacity: Accommodating approx. 8,000 TEU containership)

Start of operation:

February 2011 (scheduled)

* Container terminal being developed in the Cai Mep River watershed in Ba Ria-Vung Tau Province, about 50km southeast of Ho Chi Minh City