Mitsui E&S receives order of 21 container cranes in Vietnam
Tokyo-based Mitsui E&S Co. has received an order from Petrovietnam Phuoc An Port Investment & Operation JSC (PAP), an upcoming port's operator funded by the Vietnamese government, for 21 container cranes.
The package includes five units of Ship to Shore Gantry Cranes Mitsui-Paceco Portainer and 16 environmentally-friendly Electric Rubber Tyred Gantry Cranes (Mitsui-Paceco Transtainer), the firm said in a statement.
Phuoc An port is being developed by PAP as the first container terminal in Nhon Trach district, Dong Nai province which is a manufacturing hub in southern Vietnam.
The port spans a total area of 183 hectares, with six container berths and four general cargo berths. It is designed to handle vessels of up to 60,000 DWT and has a capacity of 2.5 million TEUs/year and 6.5 million tons/year for general cargo.
Cranes produced by Mitsui E&S Co. Photo courtesy of the company.
Located between Ho Chi Minh City – the country’s largest economic hub and the new Long Thanh International Airport, scheduled to open in 2025, the port is expected to become one of the largest logistics hubs in Vietnam.
Together with four units of Mitsui-Paceco Portainer and nine units of Mitsui-Paceco Transtainer scheduled for handover in September 2024, its delivery record for Phuoc An port now reached nine units of Mitsui-Paceco Portainer and 25 units of Mitsui-Paceco Transtainer.
Mitsui E&S Co. has delivered 26 units of Mitsui-Paceco Portainer and 132 units of Mitsui-Paceco Transtainer in the last 10 years, the largest share of Vietnamese market.
In October last year, the Japanese firm received an order from Port of Hai Phong JSC for six Ship-to-Shore Gantry Cranes and 24 Rubber-Tyred Gantry (RTG) Cranes. The port operator is constructing the container terminal in Lach Huyen area in the northern port city of Hai Phong.
- Related News
- Read More
Malaysia-EU FTA expected to promote ASEAN-EU ties
The EU is placing high expectations on the Free Trade Agreement (FTA) with Malaysia as a central pillar in its strategy to strengthen relations with the Association of Southeast Asian Nations (ASEAN) amid escalating global uncertainties.
Southeast Asia - Wed, May 14, 2025 | 10:17 pm GMT+7
Malaysia works hard to expand semiconductor ecosystem
Malaysia needs to broaden its manufacturing ecosystem beyond assembly lines and semiconductors to fully capitalize on foreign investments, towards becoming a more complete manufacturing hub.
Southeast Asia - Wed, May 14, 2025 | 10:14 pm GMT+7
Vietnam's Phu Quoc airport to undergo major upgrade ahead of APEC 2027
Phu Quoc International Airport in the southern province of Kien Giang will be expanded and upgraded to support local economic development, while ensuring transport infrastructure for hosting the 2027 APEC Economic Leaders' Week.
Travel - Wed, May 14, 2025 | 9:57 pm GMT+7
Banks cut staff, transaction branches amid accelerating digital transformation
A series of banks have announced plans to cut staff and transaction offices, setting off a wave of job losses in the banking industry that has been considered one of the hottest professions in recent years.
Companies - Wed, May 14, 2025 | 9:51 pm GMT+7
Malaysia’s maritime sector struggling due to new US tariff policy: expert
Malaysia’s maritime sector, particularly seaport transportation, faces mounting pressure from the U.S.’s tariff policy.
Southeast Asia - Wed, May 14, 2025 | 9:40 pm GMT+7
VinSpeed registers $60.24 bln investment for Vietnam's high-speed transnational railway
VinSpeed High-Speed Rail Investment and Development JSC, a subsidiary of private conglomerate Vingroup, on Wednesday announced its registration to invest in Vietnam’s North-South high-speed railway project.
Companies - Wed, May 14, 2025 | 9:24 pm GMT+7
Resolution 68: A new dawn for Vietnam’s private sector
Resolution 68, issued last week by the Politburo, Vietnam's highest decision-making body, is a landmark directive poised to redefine the landscape for private enterprises in the country. It outlines a clear vision for a rapidly developing, sustainable, and globally competitive private sector, write VinaCapital analysts.
Consulting - Wed, May 14, 2025 | 8:53 pm GMT+7
Vietnam’s dividend-paying stocks create buzz among investors
Cash dividend-paying stocks in Vietnam continue to capture attention from investors, particularly newcomers, to the stock market.
Finance - Wed, May 14, 2025 | 4:33 pm GMT+7
Bao Viet-led insurance consortium signs $2 bln deal with high-tech firm on healthcare projects
A consortium of insurers led by Bao Viet Insurance on Tuesday signed a framework agreement to provide comprehensive insurance services to Nhat Hai New Technology JSC (OIC New) for its healthcare projects during 2026-2036.
Finance - Wed, May 14, 2025 | 4:29 pm GMT+7
Northern Vietnam province seeks Korean law firm’s help to attract more investments
The Vinh Phuc People’s Committee has asked Lee & Ko, a leading South Korean law firm, to provide legal consultations to attract more Korean investors to the northern province.
Industries - Wed, May 14, 2025 | 1:36 pm GMT+7
Vietnam's major pharma firm DHG to pay 60% cash dividend
Hau Giang Pharmaceutical JSC (DHG Pharma), a leading pharma company in Vietnam, said it will pay a 60% cash dividend, equivalent to VND6,000 ($0.23) per share.
Companies - Wed, May 14, 2025 | 12:28 pm GMT+7
Vietnam's strategic positioning in a changing global landscape
Vietnam definitely needs foreign direct investment (FDI), but more importantly, it must cultivate internal strength, says Dr. Vu Thanh Tu Anh, a senior lecturer at the Fulbright School of Public Policy and Management.
Economy - Wed, May 14, 2025 | 12:22 pm GMT+7
Vietnam hopes for progress in US-China trade negotiations: PM
Vietnamese Prime Minister Pham Minh Chinh on Tuesday expressed his hope that the ongoing trade negotiations between the U.S. and China will make progress and result in mutually beneficial agreements - both in the short and long term.
Economy - Wed, May 14, 2025 | 11:50 am GMT+7
Malaysia’s Gamuda acquires prime land plot to develop high-rise project in northern Vietnam
Gamuda Berhad, a leading developer of Malaysia, has acquired a prime land plot in the northern port city of Hai Phong for $38.9 million, expanding its footprint in Vietnam.
Real Estate - Wed, May 14, 2025 | 11:10 am GMT+7
Promoting renewable energy transition: Vietnam proactively seeks technological, policy solutions
In the context that Vietnam is facing major challenges from climate change and increasing demand for electricity, the seminar "Renewable Energy Transition in Vietnam: Policy, Technology and Solutions" held on April 25 gained special attention from experts, businesses and policy makers.
Companies - Wed, May 14, 2025 | 10:00 am GMT+7
Vietnam stock market: Positive signals and investment opportunities
The Vietnamese stock market has been riding a wave of good news, including easing U.S.-China trade tensions, the successful rollout of the new trading system KRX, and a surge in newly opened trading accounts, opening up immense opportunities for investors.
Finance - Wed, May 14, 2025 | 8:17 am GMT+7
