Hutchison secures rights to run Thai box terminals

Hutchison secures rights to run Thai box terminals    Hutchison Port Holdings, the world’s largest terminal operator, said today it has entered into an agreement with the port authority of Thailand to build and operate six container terminals in the port of Laem Chabang.
   Hutchison Laemchabang Terminal Ltd., formed by a consortium comprising Hutchison Port Holdings, Hutchison Ports Thailand and Lexton Thailand, has been awarded a 30-year concession for the project.
   The future container terminals will have a total quay length of 3,250 meters (10,700 feet) with depth alongside of 16 meters (52 feet). They will be designed to handle very large containerships.
   In 2003, the port of Laem Chabang handled 3.4 million TEUs.
   “Laem Chabang is well-positioned to become the region’s transport hub,” Hutchison said.