Laem Chabang Terminal Source APMT
Laem Chabang Terminal Source APMT

Thai utility group Gulf Energy Development, Thai state-owned oil and gas company PTT and Chinese state-owned marine civil engineering group China Harbour Engineering Co (CHEC) have formed a consortium, GPC International Terminals, to build two container terminals in Thailand’s largest port, Laem Chabang.

Owned by Thai billionaire Sarath Ratanavadi, Gulf Energy is Thailand’s largest privately owned utility group and has a 40% stake in GPC, with PTT and CHEC each holding 30%.

Last week, the consortium announced it had signed a public-private ...

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