The Thai-based container shipping line, Regional Container Lines Public Company Limited recently announced they had launched a new state-of-the-art vessel replete with class innovations and in full compliance with the international maritime organization (IMO).

The new one-billion-baht vessel named Lalit Bhum is a welcome addition to their shipping services and will increase their container fleet to 48 vessels. RCL is the only Thai owned container shipping line with their fleet of container vessels. The company has been in operation for over 40 years and focuses on five core business units:

  1. Shipowner
  2. Ship operator
  3. Ship management
  4. Value-added logistics services
  5. Port operator both in Bangkok and Laem Chabang.

The latest vessel addition is part of RCL’s strategic growth plan; the company recorded an 8% increase for Q1 this year and are well on track to meet their half-year revenue target. Despite the weaker global demand, RCL expects to achieve 10% growth by the end of 2019.

RCL  Senior Vice President overseeing Chief of Regions / Operations / Business Development, Twinchok Tanthuwanit had this to say about the new vessel and the projected growth that lay ahead, “Today, the third vessel has been delivered and one more to come later in this year, all of which will carry Thai flag.”

“The company’s shipping businesses cover all over the Asia region, including India sub-con and Middle east. We have more than 40 regular shipping routes and can distribute cargo to more than 60 major destinations throughout the regions. We operate all sizes of vessels, ranging from 200 TEUs up to 8,000 TEUs.

We are considered one of the Thai companies achieving international standard services, which are on par with major shipping lines from China, Japan, South Korea and Europe, who are offering the same service coverage in these regions.”

Mr Tanthuwanit further added, “We realize that the world is changing very rapidly today, so does the market competition. Every company improves their business continuously, so we can’t standstill. During the past 2-3 years, cargo growth globally has been fluctuated by global, hard to predict, economy condition and geopolitics situations across the globe. We can say that our business continues growing despite such turbulence but not immune to. This is because we have a full range of service in shipping-related businesses, continues improvement in our IT system and giving more focus on human capital development. The company is preparing for digital disruption through bringing in technologies such as robotic system, big data, machine learning and Business intelligence to improve our efficiency.”