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PSA Thailand, SCG Logistics to launch joint venture firm in Thailand

PSA Thailand and third party logistics provider SCG Logistics Management Company have come together to jointly invest in the development and operation of the Thai Prosperity Terminal in Thailand, and rebranding it Thai Connectivity Terminal (TCT).

PSA Thailand and SCG Logistics will set up a joint venture firm in Thailand called SCG-PSA Holdings Co, which will serve as a springboard for potential joint exploration and investment in supply chain related opportunities across the region, with a major focus on Thailand.

TCT, sited along Thailand’s Chao Phraya River in Bangkok, is a well-established river terminal that directly serves the hinterland in and around the capital city.

TCT is well connected to the deepsea port at Laem Chabang, allowing it to cater to the varied needs of local and regional cargo owners.

“Capitalising on TCT’s strategic location, PSA is committed to growing this critical node as part of our greater transport and cargo solutions network, and to open up more avenues of opportunity for the movement of goods and materials throughout the region,” said Ong Kim Pong, regional ceo Southeast Asia, PSA International.

Read more: PSA acquires giant boxship-capable Halterm terminal in Canada

Paitoon Jiranantarat, managing director of SCG Logistics Management, commented: “This partnership would enrich logistics services of SCG Logistics in the areas of port, freight management, and import/export. This would enhance us to be able to provide seamless logistics solution in Asean region.”