Hyundai Merchant Marine announced that it has signed a memorandum of understanding with Saigon Newport Corporation (SNP) for joint cooperation on the development of port and container depot facilities in Vietnam. Under the agreement, the two parties expect to exchange various know-hows in port development and shipping.
The signing ceremony took place on July 6th (ICT) at Cat Lai Terminal located in Ho Chi Minh City, Vietnam, in front of about 30 concerned persons, including HMM CEO, Yoo Chang-Keun and SNP President, Nguyên Đăng Nghiêm.
HMM CEO, Yoo Chang-Keun commented: “We are well aware of the importance of Vietnam in a global logistics market. HMM’s volumes in Vietnam will increase over 50% from last year due to the rapid growth of emerging market.”
He added that this MoU will be an opportunity for the two companies to strengthen the partnership and expand the scope of cooperation, not only in Vietnam but also in a global scale.