Container terminal
operator APM Terminals has signed a memorandum of understanding with Sahathai
Terminal PLC (PORT) and Mitr Phol Sugar to develop a greenfield container
terminal in Bangkok, Thailand.
operator APM Terminals has signed a memorandum of understanding with Sahathai
Terminal PLC (PORT) and Mitr Phol Sugar to develop a greenfield container
terminal in Bangkok, Thailand.
The
MoU was signed after Sahathai Terminal PLC (PORT) and Mitr Phol Sugar formed a
joint venture to develop the container terminal in October 2018. APM Terminals’
participation is expected to further strengthen the joint venture.
MoU was signed after Sahathai Terminal PLC (PORT) and Mitr Phol Sugar formed a
joint venture to develop the container terminal in October 2018. APM Terminals’
participation is expected to further strengthen the joint venture.
Completion
of the transaction is subject to receiving applicable regulatory approvals and
licenses, the company said.
of the transaction is subject to receiving applicable regulatory approvals and
licenses, the company said.
“In October 2018, PORT and Mitr Phol
established a new company named Bangkok River Terminal Limited (BRT) to study
the investment, and to apply for the BOI supporting scheme,” Sauwakun
Karuchit, CEO of Sahathai Terminal, said.
established a new company named Bangkok River Terminal Limited (BRT) to study
the investment, and to apply for the BOI supporting scheme,” Sauwakun
Karuchit, CEO of Sahathai Terminal, said.
To
feature a capacity of 345,000 TEU, the Bangkok River Terminal Limited (BRT)
would accommodate Thailand’s rapidly-growing containerized import and export
trade.
feature a capacity of 345,000 TEU, the Bangkok River Terminal Limited (BRT)
would accommodate Thailand’s rapidly-growing containerized import and export
trade.
“Once developed, we expect the terminal to
play a critical role in lifting trade for Thailand. It will not only deliver
higher reliability for global customers, but also enable more efficient
multi-modal transportation options for Thai shippers, thereby delivering ease
of doing business and growing Thailand’s economy,” Maarten
Degryse, Managing Director, APM Terminals Inland Services, Thailand, said.
play a critical role in lifting trade for Thailand. It will not only deliver
higher reliability for global customers, but also enable more efficient
multi-modal transportation options for Thai shippers, thereby delivering ease
of doing business and growing Thailand’s economy,” Maarten
Degryse, Managing Director, APM Terminals Inland Services, Thailand, said.
World Maritime News.
