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Bangkok Dock Company

Originated in 1865 by British entrepreneur with an aim of serving sea-going cargo vessels came to ports in Bangkok. The present site at that time was very convenient to those ships, Business therefore moved on well until WWII (1914-1946) when the Royal Thai Navy was compelled to take over the dockyard to safeguard over its service assurance.

The Board of Directors comprise 11 members, empowered to execute the business, to establish and control the policy and to evaluate the operation. the manager and the deputy manager take responsibility and administrate according to what been laid down by Board of Directors.

When the War was over, the Government had to hand over the property back to the former British owner. Business under the original name "Bangkok Dock Co.," and former management then resumed for sometimes. But because of is cripple condition, the recuperative cost of which was extremely high, the enterprise was then proclaimed abolished in 1915.

The announcement of selling out the whole properties received no response from public; Ngee Heng Long Dockyard, a private enterprise, applied for leasing and ran business for a very short moment. In the mean time Krungdeb Dock Co., Government enterprise, still desiring to hold the dockyard but with limited capital, bought shares from each individual shareholder. Little by little it went until it assumed majority among shareholders of 10,000 shares. The lease of dockyard was then transferred back into the hand of Krungdeb Dock Co. On April 1 st, 1952 at the rent of 50,000 baht per month, reduced to 25,000 baht in 1954.

Under the new conduction of business, drastic recuperation of dry docks, installation machines and equipment was made. Dry dock No.1 with original wooden construction at the length of 150 feet, was almost at complete destruction by the air raids. The reconstruction was made in ferro-concrete and expanded to 350 feet; finished in 1955 at the cost of 8 million bahts.

Buying in of shares was also going on with the business net gain together with 10 million baht loans equally from the Provincial Bank and the Thai Commercial Bank at interest rates of 5 to 10 per annum. In 1953-8,000 shares were bought at the total cost of 12,950,000 baht; later bought-in became 9,756 shares at 15,350,000 baht.

Selling of the whole properties then again proclaimed; no other offer except from the Krungdeb Dock Co. at the price of 24,033,800 baht, of which a little over 2 million baht was paid to the minority. "Krungdeb Dock Company Limited" then completely owned the dockyard in 1957; and on November 15 th, 1957 the name in English was changed back to "Bangkok Dock Company (1957) Limited' which bears the same Thai meaning.

With a capital of 1.2 million baht which was a loan from the Ministry of Finance, a new company by the name of "Krungdeb Dock Company Limited" was formed; the Board of Director comprised mostly of senior Naval officers and with the Royal Navy Commander in Chief as the chairman. Unfortunately business came through a hardship, air raids demolished most of the facilities, yet hard efforts were maintained in temporary restoring them to service.

In late December 2006 the captain of a Motor Yacht contacted the Thailand based marine management company Yacht Solutions asking for assistance as their planned yard work in China had fallen through 10 days prior to haul out. During the festive period a berth was arranged along side on the Chao Far River in Bangkok and a yard arranged for the necessary refit work scheduled for the yacht. She was a 53m Proteksan Yacht and was re-fitted in a dry dock in Bangkok Dock in the heart of Bangkok. Bangkok Dock has two dry docks, the largest being 110m in length, a skilled workforce and a duty free bonded warehouse on site. The project was completed ahead of schedule and under budget.

The Royal Thai Navy in cooperation with the Bangkok Dock Company Limited confirm the countrys capability in building the offshore patrol vessels (OPV), in the hope to enhance the Thai Navys capability. In doing so, the Royal Thai Navy is currently in the process of shipbuilding by working closely with the Bangkok Dock Company, one of the leading companies in the shipbuilding industry, in order to build six offshore patrol vessels for the country.

Vice Admiral Weerapong Kitsombat, President of the Offshore Patrol Vessel Project Development noted that the Royal Thai Navy had been assigned to perform various duties namely; military engagement for country defense,complying with the law and assisting people. To be able to perform the assigned tasks, especially 75-200 miles away offshore, it is necessary to use vessels of appropriate quality to support the tasks and activities.

Meanwhile, Mr Scott Jamieson, International Program Director of BAE Systems Surface Ships, on behalf of the company in charge of the concept design of this OPV project, stated that it was a great honor to be involved in this program as well as to be a part of the Royal Thai Navys improvement. He noted that the flexibility of this design would enable the vessels to meet the specific requirements of the Royal Thai Navy. OPV would bring great benefits not only for the marine forces but the nation as a whole.

Shipbuilding not only promotes and develops the technical potential and Royal Thai Navy personnel, but is also considered self-sustainability under H.M. the Kings idea. Therefore to promote domestic shipbuilding industry could at the same time be seen as a way to generate job creation in the country. Marine forces and missions assigned are expected to be strengthened, once the completion of shipbuilding and the operation begins.




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Page last modified: 03-04-2012 19:31:09 ZULU