The Port Authority of Thailand (PAT) celebrated its 74th anniversary, highlighting a record-breaking net profit of 7.648 billion baht for fiscal year 2024 under the theme “PORTrait of the future: Sailing to a Greener Tomorrow.” PAT aims to manage port areas efficiently through the “3 Smart” principles, focusing on infrastructure upgrades, urban development, technology, and quality of life to ensure a sustainable future.
Deputy Transport Minister Monporn Charoensri praised PAT’s 74-year contribution to national and regional economic growth, including development across its five ports. She emphasized alignment with Thailand's transport development policy and sustainable community integration under ESG principles.
PAT Director Kriengkrai Chaisirivongsuk outlined the “3 Smart” vision:
- Smart Port: Enhancing eco-friendly digital services
- Smart Commercial: Developing post-port economic zones
- Smart Community: Improving quality of life in nearby communities
For fiscal year 2024, PAT earned 17.224 billion baht in revenue and 7.648 billion baht in net profit—marking a third consecutive year of growth. In the first half of fiscal year 2025 (Oct 2024–Mar 2025), net profit reached 3.5 billion baht, with 7,371 ship calls at Bangkok and Laem Chabang ports, and a 5.1% rise in cargo volume to 61.68 million tons.
Ranong Port saw major increases in trade, especially in animal feed corn, sanitary ware, and consumer goods, driven by Myanmar-linked logistics expansion. In the first six months of FY2025, Ranong handled 131 ship calls (up 49%), 3,170 containers (up 371%), and 79,810 tons of cargo (up 16%).
Chiang Saen’s livestock export terminal recorded 1,964 pig exports, reflecting significant performance growth. Laem Chabang Phase 3 has progressed 68.3% on marine works, with land construction underway and remaining components in the tender process.
PAT is also studying dry port development in Khon Kaen, with potential expansion to Nakhon Ratchasima, Nakhon Sawan, and areas along central railway lines like Ayutthaya and Ratchaburi.
In response to the US’s announcement of a potential 36% import tariff on Thai goods, the Thai government is preparing for negotiations. PAT noted increased shipping activity from exporters seeking to avoid future tariffs, with import/export volumes currently balanced at 50.5% and 49.5%, respectively. However, concerns remain that higher tariffs could negatively impact future exports.