Gulf of Thailand
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I agreed that there might be a bigger pie for everyone but it is a big might.... We should think ahead of the competition as we do not have the resources to compete. Sometimes we might need people who are streetsmart and not academic brilliant to push us ahead. Not everything can be learnt from the books
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That is why PSA is buying into ports all over the world
All the earnings from Singapore's transshipments are from port charges to PSA (for imports and exports, it's quite different). So if we can own ports overseas, we are hedging our bets. If the Malaysian government allowed it, we would even buy a good piece of PTP and Klang and make their success OUR success As it is, we own quite a lot of ports around the world, so we actual earn on transshipment at many places around the world.
If you can't beat them, BUY them. -
This is a classic example of how to "jump out" of an opposing party's efforts to box you in.
Instead of allowing ourselves to be squeezed, we move over and around the attempts to encircle us.
While we meet the immediate confrontation, we also take the long term strategic view, and move beyond our horizon.
This has been the life story of SGP since we were kicked out of an unhappy arrangement to begin with; and also the life story of many other smaller nations that are encircled by bigger competitions. -
ok, I know this is a very old thread, but just wanna add something in. . .
The japanese also offered to help, financially AND technologically build the kra Canal, buit the Thais turned them down, probably pride, but we will never know. . . and yes, like what everyone else is saying, Malaysia also does not stand to gain anything at all with the building of the Canal, Thailand itself will be split, with their Muslims further south and their Buddhists north, not a very good idea to let ur people, already seperated by religion, to be seperated physically with a canal as well
my two cents, I dun expect replies, just for the sake of putting more info -
The Thai government must weight the advantages and disadvantages of building the kra canal, not just simple dug the canal and money will roll. If the canal project is to go ahead, the thai government will have to sacrifice the current lucrutive South Thailand tourism industry like Phuket and Krabi in the Andaman Sea and Ko Samui/Ko Pha Ngan in the Gulf of Thailand due to environmental impact. Who wants to spend $$$ in sea resorts where there is oil spill from moving cargo ships and murky waters left over by the big dig
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for wat i know they bloody long gang idea can help them earn more money then the tourist industry could offer..........
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Its a risk the gotta take, if they are succesful in building the Canal, they'll have cash returns from ships using the Canal, on the other hand, if they are for any reason unsuccessful. then they can start crying already. . ., also will depend on response from shipping companies, but if I were a merchant,
shorter route=less travel time, less wages to pay my crew, and less time before my ship can be on its way carrying the next load of cargo again
of course, the very large ships won't be able to use it, but we are only discussing those who have an option -
To start with, finding the funds to build a Canal through the Isthmus of Kra will pose a major challenge to the Thais, and they will be seeking sources of financing from World Banks, Development Agencies, and possible partners to build and operate the canal.
This will pose a new opportunity for our PSA, who are presently diversifying their sources of revenues by “buying” their entries as management partners or joint owners of other ports all over the world.
Even with the construction of the Canal through the Isthmus of Kra – linking sea traffic from the Bay of Bengal-Andaman Seas to the Gulf of Thailand – the sea traffic through Singapore will only be marginally reduced.
Cargo from Europe will still have to be distributed throughout South-east Asia, and will still have to use Singapore as the most convenient hub for the region.
Cargo that head south – towards Australia and New Zealand will pass through Singapore, if it has not taken a direct route from the Red Sea to Perth.
Only the cargo that has to transit between Europe and Northeast and East Asia will go through this Canal.
The intensity of the sea traffic through this canal will depend on how the canal design allow it to operate in two directions simultaneously, and how efficient the entire traffic flow is managed.
In this global environment, PSA will definitely get a slice of this action, and will not let pass a major project such as this; and the other Singapore GLC’s will also get a slice in the design and construction of the canal – which will take another ten to fifteen years at the very least.