The terminal operator APM Terminals of the group Danish shipowner A.P. Møller-Mærsk has stepped up cooperation with Vietnam's Hateco by jointly signing a agreement with the Vietnamese city of Da Nang to build and operate a new terminal in the port of Da Nang with an investment expected to be more than $1.7 billion. The project will be implemented in two phases, with the first including the construction of two quays and the second of a further six quays, to arrive at a annual traffic capacity of over 5.7 million TEUs. The new terminal will be able to serve ships up to a capacity of 18,000 TEUs. The goal is to start the business operational in early 2029.