COSCO SHIPPING Ports completes acquisition of key Laem Chabang terminals

COSCO SHIPPING Ports has announced the completion of its acquisition of 12.5% and 30% of the equity stakes in Thai Laemchabang Terminal Co., Ltd. (TLT) and Hutchison Laemchabang Terminal Limited (HLT), respectively. This symbolises the further strengthening of COSCO SHIPPING Ports’ portfolio in Southeast Asia and the continuous improvement of its global network.
Laem Chabang Port, located to the southeast of Bangkok in Thailand and approximately 60 nautical miles from the Port of Bangkok, is the largest deep-water port in Thailand and serves as the country’s most important international container hub, accounting for approximately 80% of total throughput in Thailand. TLT and HLT are currently the largest terminals in Laem Chabang Port. Berth A2 in TLT, Berths A3, C1-C2 and D1-D3 in HLT, where D3 is partly under construction, will have a combined total annual capacity of about 6.7 million TEU once fully completed and operational, highlighted a release.

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