APM Terminals, Partners to Develop Terminal in Bangkok

Sauwakun Karuchit, CEO Sahathai Terminal; Krisda Monthienvichienchai, Vice Chairman of The Executive Committee of Mitr Phol Sugar Corp; Wichit Rattanasirivilai, Chairman of Executive Committee of Sahathai Terminal; Maerten Johan J. Degryse; Verajet Vongkusolkit, CEO of Mitr Phol Sugar CorpImage Courtesy: APM Terminals

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.

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.

Completion 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.

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.

“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.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >