APM Terminals 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, Thailand. Bangkok River Terminal Limited (BRT) will accommodate Thailand’s rapidly-growing containerized import and export trade.
Sahathai Terminal PLC (PORT), Thailand’s leading container terminal and logistics company formed a Joint Venture with Mitr Phol Sugar to develop this Container Terminal in October 2018. With over 35-years’ experience in Thailand with container operations in Lat Krabang and Laem Chabang, APM Terminals’ participation will further strengthen the joint venture. Completion of the transaction is subject to receiving applicable regulatory approvals and licenses.
“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,” explains Ms. Sauwakun Karuchit, CEO of Sahathai Terminal. “BRT strongly believes that APM Terminals’ rich experience in leading and setting up world-class terminals globally will be crucial to this project’s success.”
(left to righ) Mrs. Sauwakun Karuchit, CEO Sahathai Terminal PCL.; Mr. Krisda Monthienvichienchai, Vice Chairman of The Executive Committee of Mitr Phol Sugar Corporation Ltd.; Mr. Wichit Rattanasirivilai, Chairman of Executive Committee of Sahathai Terminal PCL; Mr. Maarten Degryse, Managing Director, APM Terminals Inland Services Thailand; Mr. Verajet Vongkusolkit, CEO of Mitr Phol Sugar Corporation Ltd.
“We are pleased to partner in the development of the Bangkok River Port Terminal and further look forward to working with Sahathai and Mitr Phol and operating the same. 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.” said Maarten Degryse, Managing Director, APM Terminals Inland Services, Thailand.
“Mitr Phol believes that the agreement signed this month provides a significant shift for Thailand’s container shipping business, which increases by around 6-7% annually,” said Verajet Vongkusolkit, Chief of Executive Officer of Thai Sugar, Energy and New Business Group, Mitr Phol Group.
Notes for the Editor
About APM Terminals
APM Terminals operates one of the world’s most comprehensive port and integrated inland service networks. It services the trade through a team of 22,000 industry professionals across a network of 76 ports and over 100 inland services locations globally. It is a part of A.P. Moller-Maersk - world’s leading integrated container logistics company, APM Terminals has been servicing the export import and domestic trade through integrated container logistics solutions over the last 70 years.
More information at www.apmterminals.com
About Sahathai Terminal (PORT)
Sahathai Terminal (PORT) is one of the leading private terminal in Thailand that provides the services ranged from 1) Commercial Vessel Terminal for International Feeder and Coastal Barge including the CFS and Container Depot Services. 2) Container inland transport services in Bangkok and perimeter region including Laemchabang. 3) Container and Cargo storage, which PORT provides warehouses for both general cargo and Free Zone Warehouse. The clients compose of various business industries including the world leading luxury car maker and the world leading e-commerce. 4) Other related services for instant the freight forwarding business.
More information at www.sahathaiterminal.com
About Mitr Phol Group
Mitr Phol Group is the world’s third largest and Thailand’s largest sugar producer with 16 sugar mills, 8 power plants and 4 ethanol distilleries, contracting 143,000 farmers across Thailand, Laos, China and Australia. It is also Asia’s largest bio-energy producer and has a business in wood substitute materials, fertilizers and agriculture-related logistics. For logistics business, Mitr Phol Group has two commodities terminals in Thailand. Both terminals export 3.3 million tons of sugar, or around 36% market share of the Thai sugar export.
More information on Mitr Phol can be found at www.mitrphol.com