January 17, 2019, Bangkok: APM Terminals today signed a memorandum of understanding with Sahathai Terminal PLC (PORT) and Mitr Phol Sugar to develop a greenfield container terminal in Bangkok. Named Bangkok River Terminal Limited (BRT), the terminal is aimed at catering to the fast-growing containerized import and export trade of Thailand.
Earlier, in October 2018, Sahathai Terminal PLC (PORT), Thailand’s leading container terminal and logistics company had entered into a Joint Venture with Mitr Phol Sugar to develop this Container Terminal. APM Terminals’ participation in the project is expected to further strengthen the joint venture. Nevertheless, completion of the transaction will be subject to receiving applicable regulatory approvals and licenses.
“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 Maersk 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 agreements we sign today will remake 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. With expertise and strong commitment of all partners, we trust the project will be highly achieved,” said Verajet Vongkusolkit,
Chief of Executive Officer of Thai Sugar, Energy and New Business Group, Mitr Phol Group.
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 https://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 carmaker and the world leading e-commerce. 4) Other related services for instant the freight forwarding business.
More information at https://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
Media contact for Sahathai Terminal PLC (PORT)
Investor Relation Department
Contact: +662-384-8000 ext 1888
+91 99309 33882/ +91 98197 03379
Media contact for Mitr Phol Group
Corporate Communications Department
Contact: +662-794-1000 ext 400, 265