MOU with Vietnam National Shipping lanes
HAI PHONG, VIETNAM — Rent-A-Port has signed a memorandum of understanding with Vietnam National Shipping Lines (Vinalines) under which the two companies will collaborate to build a dry bulk terminal in the area of Haiphong International Gateway Port as well as create a joint venture to develop a logistics hub opposite the terminal to optimize the loading, unloading, storing, processing and distributing of products. Hai Phong is a major port city in northeastern Vietnam.

Additionally, Rent-A-Port has agreed to consider participating in Vinalines General Cargo Terminal project in Dinh Vu, and explore the possibility of acquiring 10% of Vinalines’ capital. 

Rent-A-Port is an engineering and investment company that specializes in the development of marine infrastructures and industrial zones. The company is the port related investment and management arm of the Belgian Holding Ackermans & van Haaren.

Rent-A-Port already has invested more than $200 million in Vietnam, and has further committed to invest another $250 million over the next 10 years in various ports and industrial zones in the provinces of Hai Phong and Quang Ninh.

Vinalines is a Vietnam-based shipping company that specializes in seaports and marine serves in Hai Phong. The company is planning an initial public offering in December, and intends to convert the company into a joint venture company in April 2018.