The new company will operate TCIT to open in February 2011. Katsunori Moriya, general director of MOL (Vietnam) has been named the first general director of TCIT.
Said MOL vice president Masakazu Yakushiji: "We are pleased TCIT has received an Investment Certificate from the Vietnamese Government. We are now working to establish the most efficient container terminal in Cai Mep. I believe the operation will strengthen our position in south east Asia."