WSS Opens Myanamar Office

MarineLink.com
Monday, August 05, 2013
Bjorn Tonsberg, Wai-phyo Naing: Photos courtesy of WSS

Wilhelmsen Ships Service (WSS) has opened its first office in Myanmar (formerly Burma) as part of its global expansion programme.

Since Burma has opened up to foreign investment following recent political reform, WSS has made plans on how to offer its customers a direct service from inside the country. The company has concluded the time is right to play a role in shaping Myanmar’s ports, shipping and offshore service sectors.

Myanmar is rich in natural resources and activity in the offshore and energy sector is growing rapidly. Bjorn Tonsberg, WSS Vice President, Asia Pacific says:

“With borders to China, Thailand, India, Laos and Bangladesh, Myanmar has strategic regional importance. We have been looking to expand into the country for some time, but it was necessary to wait until the market conditions were favourable. This is a high-growth market and we believe that the right time is now.”

“The market does not expect to see a significant increase in vessels calling at Myanmar this year. However; increased exploration activities are expected in the offshore and energy industry with the continued presence of oil and gas majors. Also, there are signs of increased trading with Japan, Europe and the US.”

Following the official opening earlier this year, the WSS office is now operational. To ensure that the needs of clients in the country are fully met, the company has brought in Business Development Manager Wai-phyo Naing.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

PALFINGER Plans to Acquire Harding Group

The PALFINGER Group announced it intends to acquire 100 percent of the shares in Herkules Harding Holding AS and thus, the globally operating Harding Group, suppliers

Winners of Ferry Design Contest Selected

Winners of International Student Design Competition for a Safe Affordable Ferry to be revealed at the Ferry Safety and Technology Conference   Dr. Roberta Weisbrod,

Maritime Consolidation: Palfinger Aims to Acquire Harding

As maritime markets continue to struggle, merger and acquisition activity should heat up. Today, Austria's Palfinger Group announced that it intends to acquire

Ports

DP World Launches $1.2 bln Sukuk Issue to Cover Tender

Dubai-based ports operator DP World launched a seven-year $1.2 billion sukuk issue on Tuesday, a document from lead managers showed.   The issue, structured to

New Call at Port Kelang on CMA CGM’s REX 2

CMA CGM has introduced a new westbound call at Port Kelang on its REX 2 service connecting Asia with Red Sea.   CMA CGM has decided to replace its REX2 westbound Singapore call with Port Kelang.

Maersk Line Launches Latin America, Asia Service

Maersk Line announced changes to its AC network with the launch of its AC1 service, connecting the West Coast of Latin America with Asia, beginning at the end of June.

People in the News

Glosten Promotes Lamkin to Senior Marine Consultant

Seattle-based naval architecture and marine engineering consultancy Glosten has promoted Bradley G. Lamkin, PE to Senior Marine Consultant. As a Senior Marine Consultant

Maritime Future Summit: Digital Shipping

Autonomous ships, smart on-board systems: At the Maritime Future Summit on September 5, industry leaders will discuss the future of shipping. For the first time

TORM CFO Zacho Resigns

Mads Peter Zacho, Chief Financial Offer at TORM, has resigned to become Chief Executive Officer at J. Lauritzen A/S. Mads has been with TORM since 2013 and will

Logistics

New Call at Port Kelang on CMA CGM’s REX 2

CMA CGM has introduced a new westbound call at Port Kelang on its REX 2 service connecting Asia with Red Sea.   CMA CGM has decided to replace its REX2 westbound Singapore call with Port Kelang.

Baltic Index Falls on Weaker Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday as demand for larger vessel segments declined.

Hapag-Lloyd Pushes Back AGM on Merger Talks

Hapag-Lloyd said it had decided to postpone its annual general meeting scheduled for June 1, 2016 due to ongoing merger talks between German container shipping

 
 
Maritime Contracts Maritime Standards Navigation Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1441 sec (7 req/sec)