📈 MSC to Co-Develop US$ 4.9 Bn Transhipment Port in Vietnam

Global shipping giant MSC, via its subsidiary TIL, has joined a joint venture to develop the Can Gio International Transhipment Port in Ho Chi Minh City. This massive US$ 4.9 Bn project aims to position Vietnam as a premier hub in global logistics and maritime trade. • Project Scope & Capacity: Spanning 571 hectares with a 7.5 km berth, the port is designed to handle ultra-large container vessels (up to 24,000 TEU). Initial capacity is set at 4.8m TEU by 2030, scaling to 16.9m TEU by 2047. • Investment & Ownership: TIL (MSC) will hold a 49% stake in the consortium alongside Vietnam Maritime Corp and Saigon Port. The investors are responsible for mobilizing the full US$ 4.9 Bn capital. • Regional Impact: The port addresses a 5% projected growth in cargo volumes for the 2021-25 period. It is designed to balance international transhipment with Vietnam’s domestic import-export needs without disrupting existing port operations. • Strategic Context: The development strengthens MSC’s footprint in Southeast Asia, where it already moves over 1m TEUs annually. By 2050, the facility is expected to expand to 13 terminals to meet long-term global supply chain demands.