The Federation of Thai Industries (FTI) Shipbuilding Industry Club Chairman Wirat Chanasit recently disclosed that Thailand is planning to invest ฿10.0 billion in purchasing 100 cargo ships.
“In the past, most shipowners opted for 25-30 years old vessels at low prices. However, with the increasing importance of safety and environmental-friendliness requirements, buyers are paying more attention to this respects,” Wirat says. Currently Thai owns 190 tankers nationally, but more than 70% of the vessels are over 25 years old.
Ministry of Treasure has been entrusted with the issue. The Export-Import Bank of Thailand announces to provide ฿300 million financing support in five years. Meanwhile, Japan has promised to supply free ship design for the plan.
At the time being, Thailand gains ฿4.0 billion from shipbuilding and ฿2.0 billion from ship repairing business each year, with an average annual export ship value of ฿ 2.8 billion.
However, Warit says Thai shipbuilding industry will make no progress without this plan. Warit appeals to the government to support shipbuilding industry and encourage shipowners to enter the market.
Daninan Marine Services Ltd
01st Feb, 2012