Port operator in HCM City eyes more cargo in 2016

Port operator Sai Gon Newport Corporation hopes to handle 6.06 million TEUs (equivalent to 80.6 million tonnes) of cargo this year, 13% higher than last year.

Cat Lai, Phu Huu, and Hiep Phuoc ports are expected to handle 4.4 million TEUs or 86% of all cargo passing through Ho Chi Minh City.

The corporation's revenues are expected to top VND15.83 trillion (US$703.5 million) this year, up from VND14.93 trillion (US$664.05 million) last year.

Last year cargo volumes via Cat Lai and Hiep Phuoc ports rose by 9.8% to 3.95 million TEUs. At Cai Mep- Thi Vai port complex, they grew 11.3% to 1.08 million TEUs.

Last year pre-tax profit was VND1.82 trillion (US$80.94 million).
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