SPONSORS / PARTNERS
RCL, a Thai-based container shipping line, was incorporated in 1980 and listed in the Stock Exchange of Thailand since 1988. The company operates on three core lines of business, namely; Shipper-Owned-Container (SOC), Carrier-Owned-Container (COC) and Value-added logistic services. The geographical business scope is Asian-centric with business activities covering North East Asia, South East Asia, Indian Sub-Continent and Middle East.
The Group currently operates a fleet of 49 vessels with sizes ranging from 380 TEUs to 8,500 TEUs. This range of vessel sizes is tailored-made for servicing the regional trades. To cater for the COC activity in 2021, the Group owns and operates an average container box fleet of 94,439 TEUs. A network of 75 offices comprising both owned-offices and agency representations supports the direct links with RCL customers.
RCL is recognized as a leading SOC and Intra COC operator by both peers and customers alike.
Lines of Business
The SOC activity entails RCL offering space on vessels to container owning customers. These customers include main-line operators, non-vessel operating common carriers (NVOCC), ISO tank operators and other container box owners requiring transportation of their boxes between ports.
In particular, main line operators will require feeder services for movements of their boxes between a transshipment hub port and the neighboring ports. With increasingly larger vessels employed for the East-West trades, fast cargo feeds to and from these vessels with neighboring ports are essential to meet their customers’ requirements and to ensure fast turnaround time of these vessels.
Such “hub and spoke” activities form a significant part of RCL’s SOC business. Currently RCL offers feeder services for various hub ports in Asia.
In addition, RCL operates its own COC business. Currently we manage container box fleet in excess of 94,439 TEUs. These boxes are offered directly to exporters and importers to load for transportation in the trading lanes that RCL serves. RCL’s COC business has expanded since its beginning in the early nineties and the group has experienced consecutive annual significant growths for the past few years.
The Value-added logistic services grew steadily over the past few years. This business unit offers services ranging from the basics in custom house brokerage and domestic haulage to contract logistics arrangements including inventory management and cross-country haulage and to multi country supply chain management. The Value-added logistic services are designed to offer RCL’s customers the convenience of a seamless management of their transportation needs.
Vision
RCL Group is committed to continuously enhance its position as a leading asset-based regional transportation provider with emphasis on meeting the expectations of its customers and shareholders through the dedication of the management and staff. In addition to promoting its competencies with up-to-date techniques and resources, the group embraces its 5 core values introduced in 2011, namely Accountability, Teamwork, Result Orientation, Customer Focus and Leadership with Integrity, to achieve this mission.
The Group’s vision is “A trusted and reliable regional container carrier and logistics provider committed to quality, sustainability, efficiency and innovations”.
Corporate Goal
The Group’s goal is to uphold its leadership position amongst the containerized shipping operators focusing on the inter-Asia regional trades. RCL’s geographical business coverage includes North East Asia, South East Asia, Indian Sub-continent and Middle East.
Success
The Group is currently ranked 23rd amongst the world container shipping operators and recognized as amongst the top regional operators by leading industrial publications.
Following are key factors in supporting the Group’s performance and achievements;
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Maintaining its position as a key regional carrier.
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Enhanced presence in the regional trades it serves.
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Loyal and large diverse customer base support.
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Strong customer-oriented business units ensuring customer expectations are met.
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Competent and motivated management, staff and vessel crew.
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Complementing business strategy between Shipper-Owned-Container (SOC) and Carrier-Owned-Container activities (COC).
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Comprehensive and effective service network
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Competitive operating cost structure
The role of the logistics division is to offer our clients door-to-door services including customs formality, in-land haulage, warehousing, and other value-added services.
The global supply chain has been disrupted by the coronavirus pandemic and so were our business partners. Manufacturers were suffering from shortage of space on the vessels, blank sailings, and port omissions. To add to the pain, fighting for containers were also very common during this difficult time. Businesses have to adapt and they manage their supply chain from the normal just-in-time to just-in-case, as well as increase their inventory. To our benefits, a part of our revenue was visible from the increase in warehousing demand throughout the year for both export and import.
We saw a significant growth in sales revenue this year due to several factors. While our main exporting countries were still based within Asia, we extended our scope of service to cover Europe and the U.S. trade lane which generated much more revenue and margin per TEU than that of Asia. This also created a multiple effect on the increase in freight rates of about 3-4 times from pre-covid situation.
We also started to offer a multimodal transportation in the market where we combined sea-freight and rail transportation together on a single shipment. Our pilot shipment was from Songkhla, Thailand to Tianjin, China by sea then continue on a railroad to Ulaanbaatar, Mongolia. The client benefited from the shorter transit time when compared to sea-freight alone and still being able to compete on price. We will continue to offer a similar multimodal transportation in the market but perhaps to a further destination like Central Asia or even to the EU.
Looking ahead, we will continue to develop more product offerings in the market. A service we are aiming for, would be an air-freight unit. Although it is obvious that airline industry is struggling, but we think it is a right time to set up a unit and prepare for the days ahead when business picks up. We believe that having an air-freight unit will complement the sea-freight services we are currently offering, which we can expand our customer base and able to service our existing clients who has air shipments through other logistics service providers.
a) Global Sulphur Cap 2021
All vessels have been using compliant fuel (Sulphur content less than 0.50% m/m). The Port State Control Inspection continued throughout 2021 and as result of inspection, all vessels were found to be in compliance with international and local regulations.
b) Installation of Exhaust Gas Cleaning System (EGCS) or Scrubber
In 2021, one ship was installed with EGCS.
c) Ballast Water Treatment System (BWTS)
In 2021, a total of 12 ships were installed with BWTS.
d) Maritime Cyber Risk Management
The procedures for cyber risk management were audited and verified by certification body and have been implemented on board ships.
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Address : 30th Floor Panjathani Tower Building, 127/35 Ratchadapisek Road, Chongnonsi, Yannawa, Bangkok 10120, Thailand
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