Greenfield Container Terminal Planned for Bangkok
APM Terminals has signed a memorandum of understanding with Sahathai Terminal PLC (PORT) and Mitr Phol Sugar to jointly develop a 345,000 TEU capacity greenfield container terminal in Bangkok, Thailand.
Sahathai Terminal PLC (PORT) formed a joint venture with Mitr Phol Sugar to develop the terminal in October 2018. Mitr Phol Group is the world’s third largest, and Thailand’s largest, sugar producer with 16 sugar mills, eight power plants and four 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. Mitr Phol Group has two commodities terminals in Thailand. Both terminals export 3.3 million tons of sugar, or around 36 percent of Thai sugar exports.
Now APM Terminals has joined in the project. The group has over 35-years’ experience in Thailand with container operations in Lat Krabang and Laem Chabang.
The company Bangkok River Terminal Limited has been established to lead the new development which is anticipated to accommodate Thailand’s rapidly-growing containerized import and export trade.
Thailand’s container shipping business increases around six to seven percent annually.
Last year, the International Monetary Fund estimated Thailand's 2017 GDP growth at 3.9 percent, boosted by strong tourism services and manufacturing exports. The growth momentum is expected to continue in 2018 and 2019, supported by sustained export dynamism.