Thailand plans to open a national shipping company

Thailand plans to open a national shipping company, to minimize dependence on foreign vessels. The announcement of this new plan was made by the Ministry of Transport of Thailand, adding that another objective is to encourage commercial exchange in Thailand.

Although it is still in the study phase, Saksayam Chidchob, Thailand’s Transport Minister, said that the Thai port authorities have already received instruction to assess the viability of a shipping line during the next month.

If feasible, the national shipping company would have three independent branches, the first for cargo movement in the Asian region, the second for cabotage, and the last for exchange with other regions worldwide.

Subsequently, once the feasibility tests have been carried out by the competent authorities, they may be presented to the cabinet during the first months of 2022.

If the procedure is positive, the creation of a national shipping company in Thailand would begin in the middle of the year.

As mentioned in previous lines, it is not only about the independence of foreign ships, but also about promoting maritime trade in Thailand.

In this way, strengthening logistics ties with the Thai Gulf and the Andaman Sea is part of the plans to expand and strengthen connections.

Read the full note at Portal Portuario.