Thai Navy Orders New Warship From DSME
The 3,700-ton frigate will be built in South Korea by Daewoo Shipbuilding & Marine Engineering Co. as a modernized version of the Kwanggaeto-class destroyer of the Korean Navy, reports Xinhua. Thailand has ordered the South Korean-built frigate which will cost some US$ 486-million, with a delivery date set for 2018. The Thai cabinet, headed by Prime Minister Yingluck Shinawatra, approved the Thai navy's plan to procure the South Korean frigate with installment payments spreading from next fiscal year until fiscal 2018, reports Xinhua.
Thailand Urges US to Supply LNG Long Term
During President Obama's recent visit Thai Prime Minister, Yingluck Shinawatra sought agreement with US for LNG supply over next 20-years. By 2020, the US should be able to produce gas and crude of about 11.1 million barrels a day, while Saudi Arabia's capacity is projected at 10.2 million barrels a day. If the US can maintain that capacity throughout 2035 as planned, it would be the world's largest exporter of crude, reports the Bangkok Post. At a seminar entitled "Thailand's Economic Outlook" in Bangkok , Virabongsa Ramangkura, chairman of Thailand's Strategic Committee for Reconstruction and Future Development pointed out that though Thailand has not entered into an FTA with the US…
Thailand, Burma, Agree to Push Deep-water Port Project
Thailand & Burma establish joint committee to facilitate construction of the border Dawei deep-seas port. Thai Prime Minister Yingluck Shinawatra met with Myanmar Vice President Nyan Tun at Government House in Bangkok to discuss the Dawei projects, which have only made little headway and remained in need of an estimated 50 billion U.S. dollars in new funding. The two neighboring countries have formed a high-level joint committee to discuss ways and means to facilitate the construction of the Dawei deep-sea port, an industrial estate, a gas pipeline and other infrastructure such as roads and railway to link the Myanmar coastal town with the Thai border province of Kanchanaburi.
Thailand, Burma, Sign Dawei Port Development Agreement
Presidents of Thailand & Mynamar (Burma) agree on port development for deep-sea port to enable Malacca Strait bypass route. Thailand and Myanmar agree to set up a joint committee to follow up on economic cooperation that includes linking Myanmar's future Dawei deep-sea port with the Thai Eastern Seaboard. The deal came at the end of talks between Myanmar President Thein Sein and Thai Prime Minister Yingluck Shinawatra at Government House in Bangkok. Dawei, in southern Myanmar, is a key project for Thailand's economy, especially trade, more than for Myanmar, because it would cut travel time to the West for Thai goods (as well as goods from Laos, Cambodia and Vietnam), allowing ships from the Indian Ocean to bypass the Malacca Straits.
