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Struggling state-run shipbuilder to get more support, navy contracts

bangkokpost.com 2 days ago
Struggling state-run shipbuilder to get more support, navy contracts

The Defence Ministry aims to push the Bangkok Dock Company, a state enterprise under its wing, to be a leading force in building ships for the navy.

During a visit to the firm yesterday, Minister Sutin Klungsang said it has a long history in shipbuilding and ship repairing that has been proven through its service to the navy and other security agencies as well as the private sector.

He added that such service supports the navy's mission of maintaining national sovereignty and maritime security.

The company's specialisation in naval shipbuilding is significant to the defence industry, aligning with government policies that aim to promote the defence sector as one of its special target industries, Mr Sutin said.

The policy is also in line with the government's 20-year national strategy on national security and enhancing competitiveness, he said.

Mr Sutin urged the company to maintain its capabilities and set a business direction that aligns with the current circumstances the country is facing and global conflicts to ensure it can be sustainable and self-reliant.

He suggested the company be prepared for more work as the navy is expected to require more of its services in the future.

Representatives from the company however told him they have been facing various challenges particularly in terms of a lack of competitiveness and financial issues, adding the company's expenses exceeded revenue.

They urged the ministry to implement management measures to help compete better with the private sector.

The minister said it was important to strengthen the firm in a range of areas.

Despite the company's liquidity issues, he said he believed this would not impact the defence industry's policy.

More efforts will be made to ensure the company can compete with private firms, while the ministry will also support the private sector, he added.

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