Mitsui E&S secure crane order from Vietnam's market
Mitsui E&S Secures Largest Crane Order in Vietnam for Phuoc An Port Development
In a significant milestone for both Mitsui E&S and PetroVietnam Phuoc An Port Investment and Operation JSC (PAP), Mitsui E&S Co., Ltd. has secured an order to supply 22 container cranes to PAP. This is the largest crane order ever placed in Vietnam.
The deal, which includes five units of Mitsui-Paceco Portainer and 16 units of Mitsui-Paceco Transtainer, was ordered in July 2024. With this new order, accumulated orders for cranes from PAP will total 56 units.
PAP is a state-backed company developing a key port in the region, and this development is set to contribute to a further increase in PAP's container handling capacity. Phuoc An Port is being developed as the first and largest container terminal in Dong Nai, aiming to strengthen logistics links and enhance regional port connectivity.
Mitsui E&S has been a significant player in Vietnam's port development, holding the largest market share in the container crane market in the country. Thirteen container cranes made by Mitsui E&S are already in operation at Phuoc An Port.
The aim of this development is to meet international marine logistics demand in Southeast Asian markets, as enterprises in Vietnam accelerate expansion strategies in response to key policy shifts. Vietnam's logistics sector is set for a new phase of growth, with Vietnam's ports ready for progress amid fierce competition in the marine transportation industry.
Phuoc An Port, located in Southern Vietnam, is currently operating in phase 1 with a container berth capacity of 2.5 million TEUs per year. Plans for expansions across three phases are underway to reach 5 million TEUs annually. It features berths handling vessels up to 4,500 TEUs and is progressing with industrial park integration and inland waterway terminal plans to boost logistics capacity.
Other key developments in Vietnam’s port infrastructure include GemaLink Port, Phu Quoc Port, Can Gio International Transshipment Port, and Chu Lai Port. These ports are undergoing significant upgrades to handle international cruise ships, cargo vessels, and mega container vessels, aligning with long-term national seaport development plans and APEC 2027 summit preparation.
Patrick Lenain, senior associate at the Council on Economic Policies, notes this progress in Vietnam's ports. Vietnam is in the top three countries in Asia for throughput of goods and transport routes, and its port development is advancing significantly, supported by major port expansions, modern deep-water facilities, and inclusion of new strategic port projects in national plans.
Mitsui E&S Co., Ltd. plays a notable role in Vietnam’s growing logistics sector through its involvement in maritime infrastructure development and partnerships supporting port modernization and capacity enhancement. Given the ongoing significant investments in Vietnamese port infrastructure and logistics hubs, companies like Mitsui E&S are likely to continue or expand their participation through supplying and servicing port machinery and equipment, engineering consulting and design for port and offshore facilities, and collaboration with local developers and international partners enhancing Vietnam’s maritime logistics.
The significant order of container cranes from Mitsui E&S Co., Ltd will contribute to the sports of container handling at Phuoc An Port, aiming to strengthen regional port connectivity. This development in Vietnam's port sector, led by Mitsui E&S, mirrors increased activities in sports like maritime logistics and international cargo transportation.
