APM Terminals signed a Memorandum of Understanding (MoU) 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 increasing containerized import and export trade.
Sahathai Terminal PLC (PORT) formed a Joint Venture with Mitr Phol Sugar to develop this Container Terminal in October 2018. Now, completion of the transaction is subject to receiving applicable regulatory approvals and licenses.
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For this reason, in October 2018, PORT and Mitr Phol created a new company named Bangkok River Terminal Limited (BRT) to study the investment, and to apply for the BOI supporting scheme.
According to Maarten Degryse, Managing Director, APM Terminals Inland Services, Thailand, the terminal is expected to play a significant 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
Moreover, Verajet Vongkusolkit, Chief of Executive Officer of Thai Sugar, Energy and New Business Group, Mitr Phol Group, mentioned that the agreement will advance Thailand’s logistics industry, in order to meet the growth of Thailand’s container shipping business which increases around 6-7% per year.