APM Terminals (APMT) has signed a memorandum of understanding with Sahathai Terminal PLC (PORT) and Mitr Phol Sugar to develop a 345,000 teu capacity greenfield container terminal in Bangkok.
Bangkok River Terminal Limited (BRT) will aim to accommodate Thailand’s growing containerised import and export trade.
Maarten Degryse, managing director of APMT Inland Services, Thailand, said: “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.”
Sahathai Terminal PLC (PORT) formed a joint venture with Mitr Phol Sugar to develop the container terminal in October 2018.
Completion of the transaction is subject to receiving applicable regulatory approvals and licenses and APMT hopes to strengthen the venture with 35 years’ experience in Lat Krabang and Laem Chabang.
Sauwakun Karuchit, CEO of Sahathai Terminal 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.
“BRT strongly believes that APMT’s rich experience in leading and setting up world-class terminals globally will be crucial to this project’s success.”
Verajet Vongkusolkit, CEO of Thai Sugar, Energy and New Business Group, Mitr Phol Group, stated: “Mitr Phol believes that the agreement signed this month provides a significant shift for Thailand’s Logistics Industry, in response to the growth of Thailand’s container shipping business which increases around 6-7% annually.”