On the 26th of August 2022, the Port Authority of Thailand (PAT) held a Signing Ceremony of the Memorandum of Understand (MOU) between the PAT (Ranong Port) and Bau Thai Index Associate Co., Ltd. The MOU was signed by Mr Kriengkrai Chaisiriwongsuk, Director General of Port Authority of Thailand and Mr Li Rui, Executive Director of Bau Thai Index Associate Co., Ltd. Signed as witnesses are Mr Apiseta Pongsuwan, Deputy Director General in Asset Management and Business Development of Port Authority of Thailand, and Mr Niwat Thapwong, Consultant of Bau Thai Index Associate Co., Ltd.
Mr Li Rui, Executive Director of Bau Thai Index Associate Co., Ltd., added, “We are ready to provide support regarding resources to enhance port efficiency, container handling and transportation as well as promote the development of both parties.”
The ceremony was attended by executives from PAT, CU Lines (Thailand) Co., Ltd. and participants from PAT’s Business Development and Marketing Department.
MOU on improving container shipping from China to BIMSTEC, African, and European countries through Ranong Port
Under this MOU, both parties are committed to supporting and promoting intermodal container shipping from the People’s Republic of China (Kunming), Lao People’s Democratic Republic (Vientiane), and Thailand via Ranong Port to third countries (BIMSTEC, African, and European countries). The aim is to create a frictionless and solid economic relationship between countries.
Mr Kriengkrai Chaisiriwongsuk, Director General of the Port Authority of Thailand, stated that “PAT is determined to promote Ranong Port as Thailand’s Andaman Gateway. We will continue improving the port to drive trading and logistics sectors in the Western Economic Corridor with shorter transit time and lower transportation cost.”
PAT’s goal is to increase trade value between Thailand and China via the “LAND to SEA” project
PAT is already equipped with world-standard infrastructure and facilities, ensuring client trust in Ranong Port’s management. Under the established collaboration between both organizations, the future of improved transportation and logistics networks is clearer than ever. The aim to boost trade value is also within reach.
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