“Despitethe declaration of martial law by the Royal Thai Army there is currently noimpact on shipping and logistics services,” said GAC Thailand.
“Thesituation will be monitored and any updates on the situation and the possibleimpact on shipping or logistics will be advised as soon as possible.”
InFebruary this year Crystal Cruises said it had opted to avoid calling at ports in Thailand dueto the recent political and social unrest.
The shipowner said it had removed stops at theport of Laem Chabang from six sailings of two of its cruise ships.
Thaiarmy chief Prayuth Chan-Ocha said in a statement that martial law was necessaryto restore order in light of worsening tensions that have led to violence inrecent weeks, and to find a way out of the country’s political crisis.
However, Moody’s said lacking electorallegitimacy, the military’s task of resolving the intractable divisions betweenthe anti- and pro-government forces looks fraught with uncertainty.
"We see the latestdevelopment as further weighing on the economic and financial performance ofthe Thai economy," the ratings agency said.
Thailand has emerged as oneof the largest importers of Chinese steel as a number of companies,particularly from Japan, have shifted manufacturing facilities to the country.
Thailand is also the world’snumber one exporter of rice, exporting more than 6.5mt of milled rice annually.
