APM Terminals, Partners to Develop Terminal in Bangkok
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.