Hanjin Shipping opens Vietnam terminal

South Korea's Hanjin Shipping has on Wednesday opened its dedicated terminal in Cai Mep, Vietnam, Seatrade-asia reports. The terminal is part of a joint venture Tan Cang-Cai Mep International Terminal (TCIT) developed by Hanjin Shipping, Saigon New Port, Mitsui O.S.K. Line and Wanhai Lines. “We are expecting a lot from this new dedicated terminal in Vietnam as it will soon become a major logistics hub in the region.” said Jung Se-Hwa, chief executive of Hanjin Shipping's terminal business unit. “Many of major carriers as ourselves are investing in intra-Asia and we believe having a dedicated terminal will help us make stronger presence in the market,” Jung said. The terminal, sitting on approximately 346,000 square metres of land, has two berths and a depth of 15.8 metres. It is capable of handling up to 1.15m teu of cargoes annually.