WCAworld member Full Well Freight is first to operate new entity
A new Bangkok Port Authority Free Zone was opened in early January 2024 at a ceremony presided over by Kriengkrai Chaisiriwongsuk, Director General, Port Authority of Thailand and representatives from WCAworld and one of its members, Full Well Freight, were in attendance.
With a view to creating a new goods contribution centre right in the heart of Bangkok, the Port Authority of Thailand recently dedicated a total of 24,000sqm of warehousing and container yard to be the first Free Zone in the Chao Praya River area, according to a press communique.
The objective is to grow services in the Bangkok Metropolitan Region for importers, exporters, international freight forwarders, service providers and customers. In addition, at the ceremony, a memorandum of understanding was signed between the Port Authority of Thailand and Sahathai Terminal and Port Authority of Thailand and Boxman (on behalf of Oknha Mong Port, Cambodia) to further support international logistics, and transportation of goods as well as answer the needs of exporters and importers in Thailand and beyond.
Operating licence
Full Well Freight, a WCAworld member in Thailand, is the first Freight Forwarder to be granted a licence and concession to operate within the new Free Zone with a dedicated warehouse and container yard.
These facilities can be used for goods consolidation, domestic distribution management and re-export to other countries. The facilities will allow users to reduce storage times and shipping costs, as the facility is more conveniently located to the major shipping lines and will see shorter transit times to connections via road rail and air.
‘Bangkok Port Free Zone’ is under the sustainable development plan of Port Authority of Thailand aligned with the National Strategy (The Trade Competition Act) and its vision that ‘Thailand becomes a developed country with security, prosperity and sustainability in accordance with the Sufficiency Economy Philosophy’, the press note continued.
Collaboration
“Although it is a new service model for Port Authority of Thailand, we have a strong ambition to develop the area to support the local and national economy. So, we are open for collaboration with both private and public sectors with this intent, and with common goals, we can collaborate and make our partnership stronger,” asserted Chaisiriwongsuk.
“We were delighted to hear that one of our members, Full Well Freight, had been given the first license to operate in this new Free Zone. It is a great facility that will help members grow their business in Thailand and Southeast Asia,” affirmed Dan March, CEO, WCAworld.
Founded in 1998 by Chairman David Yokeum as the world’s first worldwide non-exclusive network, Florida, USA-headquartered WCAworld is neutrally managed and operated to benefit every member company, the press statement concluded.
