Copyright 2004, Traffic World, Inc.
Hutchison Port Holdings has entered into an agreement with the Port Authority of Thailand to develop six container terminals in the Laem Chabang Port. Laem Chabang is located in the middle of industrial and manufacturing zones, home to many of the world's largest producers and manufacturers. In 2003, the Laem Chabang Port recorded 3.4 million TEU.
"Thailand is experiencing double digit trade growth," said John Meredith, group managing director of HPH. "Laem Chabang Port is linked to excellent road and rail connections to many industrial areas of Thailand, enabling the new container terminals to facilitate faster, more efficient movement of cargo to and from the hinterland. Laem Chabang is well-positioned to become the region's transport hub. We look forward to participating in the growth and to fulfil the government's vision of making Laem Chabang a world-class hub."
Hutchison Laemchabang Terminal Ltd, a consortium comprising Hutchison Port Holdings, Hutchison Ports Thailand and Lexton Thailand, has been awarded a 30-year concession to build and operate six container terminals in Chon Buri's Laem Chabang deep-sea port.
The container terminals will have a total quay length of 3,250 meters with depth alongside of 16 meters. The terminals will be equipped to handle the world's latest generation of container vessels.