MItsui O.S.K. Lines (MOL) has established a joint venture with two local companies in Vietnam and started a tugboat business.

The joint company will allocate high-powered, high-performance tugboats in Vietnam’s Cai Mep/Thi Vai area, where deep-water container terminals are now under development. It will offer safe, high-quality support services for vessels calling at ports in the region, helping meet the needs of Vietnam’s shipping industry and international shipping lines.

The new venture is called Tan Cang-Cai Mep Towage Services.

Deepwater container terminals have been constructed to serve Vietnam’s Cai Mep/Thi Vai areas as a result of tremendous economic growth in Southern Vietnam. The number of large-scale vessels calling at the ports will continue to increase, so stable tugboat service is indispensable.

The new company has benefited from high-quality tugboat operation know-how accumulated by the MOL Group, and will meet those needs and contribute to stable operation in these areas.
(Source:www.cargonewsasia.com)