SP-PSA INTERNATIONAL PORT RAISES VIETNAMESE PORT PRODUCTIVITY RECORD FOR FOURTH TIME IN 12 MONTHS - 22/12/2010

SP-PSA International Port (SP-PSA) yesterday continued its run of raising Vietnam's national port productivity standard by setting a new vessel record for Vietnamese container ports for the fourth time in 12 months, beating the three previous records all set by SP-PSA, when it handled Maersk Line's "Marit Maersk" at an average rate of 120 containers per hour during its port stay at SP-PSA.

The "Marit Maersk" has a capacity of 9,038 TEU (twenty foot equivalent units) and operates Maersk Line's TP6 direct weekly service together with 13 sister ships from Vietnam to the West Coast of the U.S.A.

Mr Le Cong Minh, Chairman and General Director of Saigon Port and Chairman of SP-PSA commented, "SP-PSA's breaking of the Vietnamese terminal productivity record four times in 12 months to reach 120 moves per hour shows our unstinting focus on providing market-leading service levels. We thank Maersk Line and all our shipping line customers and port users for their great support during 2010. "

SP-PSA is a joint venture between Saigon Port, Vinalines and PSA Vietnam Pte Ltd, the latter is a wholly-owned subsidiary of PSA International Pte Ltd (PSAI). SP-PSA commenced operations on May 29^th 2009 and is Vietnam's first deep sea container terminal.

Strategically located near the mouth of the Cai Mep-Thi Vai river, SP-PSA is well positioned to serve the fast growing container traffic of Vietnam and become a major hub for ASEAN. The terminal will be developed in two phases, with the first phase of 600 metres of berths with 14.5m water depth now operational. When both phases (1,200 metres of berths) are fully completed, SP-PSA will have a projected annual capacity of over two million TEUs (twenty-foot equivalent units) of containers.

ENDS                        

ISSUED BY SP-PSA INTERNATIONAL PORT CO., LTD

 For more information, please contact:

 SP-PSA International Port Co., Ltd

Name:            Ms Pham Thi Bao Hanh, Senior PR Executive

Tel:               +84 64 3 92 4567

Mobile:          +84 908881976

E-mail:           hanhp@sp-psa.com.vn

Vietnam National Shipping Lines (Vinalines)

Name :          Mr.Nguyen Huu Long, Director of Business and International Relations

Mobile:           +84 903447020       

E-mail :          longnh.vnl@vinalines.com.vn

Saigon Port

Name:            Mr Ho Kim Lan, Advisor to the General Director on Foreign Affairs

Mobile:           +84 903955750

E-mail:           vpa@saigonport.com.vn