Mitsui O.S.K. Lines (MOL) has signed a joint venture agreement with SahaThai Terminal to set up a new barge terminal operation company in Bangkok.
The new venture, Bangkok Barge Terminal, will support MOL to deliver further diversified, higher quality services tailored to customer needs.
The shallow water depth at the Bangkok river port has made Laem Chabang port, with its capacity to accommodate larger containerships, the main gateway to port of Thailand.
This will enable the container transport between Laem Chabang and the outskirts of Bangkok by waterway transport through barges to play significant roles.
The new BBT-operated barge container terminal, which is expected to open next year, will serve as a new gateway to Laem Chabang Port.
It will help customers who need cargo moved to and from the outlying areas of Bangkok, MOL stated.
In another development, MOL and Kansai Electric Power have named their co-owned liquefied natural gas (LNG) carrier, LNG Fukurokuju.
In October 2013, both companies signed an agreement for joint ownership of two newbuilding LNG carriers.
After the delivery, the LNG Fukurokuju is expected to serve a number of projects including the Australia/Pacific LNG Project.
The 293m-long and 48.9m-wide vessel features a new steam turbine engine, which reuses steam for heating. It will result in reduced fuel consumption.
In addition, the vessel has an advanced heat insulation system that provides the lowest LNG vaporisation rate of 0.08%, the company stated.
Image: SahaThai's container terminal on the banks of the Chao Phraya River, which opened in 2007, currently accommodates intra-Asia container services and barge services. Photo: courtesy of Mitsui O.S.K. Lines.