Sahathai recently signed a joint venture with Medlog, a subsidiary of MSC Group, creating the newly formed partnership, Bangkok Barge Service (BBS).
The partnership will be focused on the barge transportation service that BBS provides from Laem Chabang port to any of the terminals in Bangkok. The neutral agreement allows for flexibility for both sides, yet still shows a commitment that both partners are looking towards the future with each other. This is another big step for Sahathai Terminal expanding their presence with international partners. Their subsidiary, Bangkok Barge Terminal (BBT), is another partnership they signed with Mitsui O.S.K. Lines (MOL) earlier this year.
Speaking about the signing, Mr. Peeradech Jareonsethapanich, Chief Commercial Officer at Sahathai said, “BBS is a new joint venture with Medlog and is purely focused on the barge operation. Comparing this to BBT, which is focused on the terminal only, we have tried to separate the entities to not overlap and to make the activities clear. Both BBS and BBT are neutral and can work with anyone.”
“Our goal is to try to make our customers become partners and our competitors to become friends. If we want to survive as a local company and compete with the multinational companies, we need foreign partners. Having the backing of big brothers like MOL and MSC behind us strengthens our positioning in the market and allows us to keep expanding like we’re doing currently.”
Mr. Banchai Karuchit, Deputy Chief Executive Officer at Sahathai, said, “Sahathai and Medlog share the same vision to expand logistics business in Thailand. We have been working with each other for a while and now we decide to elevate our relationship to another level. We believe that container transportation via barge makes perfect sense as it has proven to be a more economical and environmentally friendly transport mode. It’s our corporate commitment to try to find a better way to transport containers, and barge transportation is the way to go for this.”