Thailand set to establish national shipping line in one year

Ministry of Transport of Thailand has appointed a National Committee to conduct study, and work out framework, for establishing a National Shipping Line, during a special meeting on Jun 30. national tonnage accounts for just 9% of total nation’s freight, with 91% being transported by foreign ships and companies. Some 1.33 billion Baht freight costs go elsewhere but not to Thailand.
According to plan, all the required studies and framework should be carried out in 1 year. Working group is already appointed, to prepare, soonest possible, the establishment of National Maritime Company, embracing all legal issues. Working group with Deputy Minister of Transport as Chairman, is tasked also, with working out guidelines for Company’s formation.
Transport Policy Division of Ministry of Transport is to establish sub-committees to study: other nations’ experience in creating and running national carrier companies; foreign investments benefits and ways to attract investors; the optimal ways to operate the company, based on public and private stakeholders partnership.

There’s no doubt, that the main or the only factor, which triggered this move, is the nation’s supply chains security. Nations can’t depend any longer on absolutely unreliable and unpredictable major multinational carriers, and on their dictatorial freight rates practices. National carriers freight rates won’t be anywhere near as exorbitant as those imposed by shipping majors, and even more importantly, national carriers will be predictable and reliable.

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