HAIPHONG International Container Terminal, a joint venture terminal
between MOL and Wan Hai Lines in north Vietnam, is now capable of
receiving containerships of up to 14,000 TEU.

The Haiphong International Container Terminal (HICT) at the newly
opened Lach Huyen port is 51 per cent owned by Saigon Newport Co, 17.5
per cent by MOL, 16.5 per cent by Wan Hai Lines and 15 per cent by
Itochu Corp. HICT has two berths totalling 750 metres in length and
can handle one million TEU annually.

The Lach Huyen port is the first public private partnership (PPP)
between the governments of Japan and Vietnam, reported Colchester's
Seatrade Maritime News.

MOL already has a 21.33 per cent stake Tan Cang-Cai Mep International
Terminal in the south of Vietnam. Cai Mep was the first port in the
country to be able to handle containerships of 10,000 TEU and larger.
MOL is part of Ocean Network Express (ONE) along with "K" Line and
NYK.