Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Vietnam
  4. Ho Chi Minh Stock Exchange
  5. Gemadept Corporation
  6. News
  7. Summary
    GMD   VN000000GMD0

GEMADEPT CORPORATION

(GMD)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Gemadept : Gemalink port receives first commercial vessel

01/22/2021 | 04:36am EDT

The first phase of the Gemalink international port was put into operation with the welcoming of first commercial vessel on January 19.

CMA CGM CORTE REAL vessel docks at Gemalink port to unload goods (Photo: VNA)

Ba Ria-Vung Tau - The first phase of the Gemalink international port was put into operation with the welcoming of first commercial vessel on January 19.

The 165.375-DWT CMA CGM CORTE REAL vessel is one of the largest container vessels in the world. It will unload over 8.200 TEU worth of goods in the port.

Earlier on December 30, 2020 and January 7, 2021, the port received two pilot ships from CMA-CGM.

The Gemalink port covers 72 hectares in the downstream of Cai Mep River in Phu My town of the southern province of Ba Ria-Vung Tau.

It is the biggest deep sea container port in Cai Mep - Thi Vai area with 1,150m main berth and 370m feeder berth. The first phase includes 800m main berth for mother vessel, 260m side berth for feeder on the 33ha area. The port capacity in the first phase is 1.5 million TEUs per year. The whole project capacity is 2.4 million TEUs per year.

Gemalink port has outstanding competitive advantages thanks to its convenient location at the river mouth with the deepest draft for proper turning basin, the longest main berth, the only deep sea container port at Cai Mep-Thi Vai being designed with dedicated berth for feeder to connect HCM City and Mekong Delta region, the capability to accommodate 200,000DWT vessel and strong cargo commitment from global carriers.

The introduction of Gemalink, which is the gateway to the South of Vietnam with strategic location in Port Group No. 5 according to the Government's master plan, will contribute remarkably to the release of congestion at HCM City ports, meet the demand for cargo trading between Vietnam and other countries in the region and in the world as well as the demand of Gemadept's partner in Gemalink JV that is CMA-CGM and its shipping alliance.

Nguyen Thanh Binh, Vice Director of Gemadept, the investor of the project, said that the firm's sound relationship with its partners will keep the port busy at its maximum capacity right from the first years of operation.

Disclaimer

Gemadept Corporation published this content on 22 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 January 2021 09:35:07 UTC


ę Publicnow 2021
All news about GEMADEPT CORPORATION
03/22GEMADEPT : Vietnam's largest deep seaport Gemalink to reach 80 percent capacity ..
PU
02/18GEMADEPT : contributes the sharp notes in Vietnam logistics choir
PU
02/01Gemadept Corporation Reports Earnings Results for the Fourth Quarter Ended De..
CI
01/22GEMADEPT : Gemalink port receives first commercial vessel
PU
2020Tranche Update on Gemadept Corporation's Equity Buyback Plan announced on Mar..
CI
2020Gemadept Corporation Reports Consolidated Earnings Results for the Third Quar..
CI
2020An unknown buyer acquired 48% stake in OOCL Logistics Co., Ltd from Gemadept ..
CI
2020GMD : Final record date for the receipt of 2019 dividend
PU
2020Gemadept Corporation Announces Cash Dividend for 2019, Payable on September 2..
CI
2020GMD : Announcement of signing the auditing contract
PU
More news
Financials
Sales 2021 2 886 B 127 M 127 M
Net income 2021 520 B 22,9 M 22,9 M
Net Debt 2021 858 B 37,8 M 37,8 M
P/E ratio 2021 27,1x
Yield 2021 2,72%
Capitalization 13 291 B 577 M 585 M
EV / Sales 2021 4,90x
EV / Sales 2022 4,78x
Nbr of Employees 1 515
Free-Float 88,5%
Chart GEMADEPT CORPORATION
Duration : Period :
Gemadept Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GEMADEPT CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Last Close Price 44 100,00 VND
Average target price 48 085,71 VND
Spread / Average Target 9,04%
EPS Revisions
Managers and Directors
Minh Van Do Chief Executive Officer & Director
Nhan Van Do Chairman
Khang Duc Chu Vice Chairman
Ninh Vu Director
Nguyet Minh Nguyen Director & Chief Accountant