Dawei, Burma, Deep Sea Port Offers Investment Opportunities

Press Release
Thursday, December 20, 2012
Logo credit BOI Thailand

Thailand's Board of Investment (BOI) says the joint deep sea port will also surge new business & foreign investment into Thailand.

BOI believe that the Dawei Deep Sea Port and Industrial Estate in Myanmar (Burma) will become an important drive for economic growth in this region, offering a shortcut for logistics and bringing new business opportunities and foreign investment to Thailand.

After conclusion on signing of Memorandum of Understand between Thailand and Myanmar to construct Dawei Deep Sea Port, Chanvit Ammatamatuchat, Deputy Secretary of General Office of the National Economic and Social Development Board (NESDB) said the project will serve as economic land bridge connecting Andaman Sea on the Myanmar side through Thailand and out to South China Sea creating great opportunities for expanding up-stream industries and linking supply chain in Thailand and in the region.

BOI is offering assistance in terms of consultation on the investment and upstart of the business related to this new mega project for both local and international investors. Dawei Deep Sea Port and Industrial Estate project will generate major investment and help drive the growth of the economy in Southeast Asia and the surrounding regions. Investors who are interested in investing in Thailand to take advantage of this development can consult and ask for assistance and tax privileges from the BOI.

 

 


Contracts

Banks Halt Support for Hanjin

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

Ports

Charleston Handles Its Largest Ever Containership

The South Carolina Ports Authority (SCPA) welcomed the 10,700 TEU APL Yangshan, the largest containership ever to call the Port of Charleston.   “The deployment

Krishnapatnam Port, Maersk Launches Mainline Service for China

Krishnapatnam, the country’s largest all-weather; deep water port on the east-coast of India has marked another milestone towards operational excellence as it launched

India Shipping Ministry Enlarges Scope of Sagarmala

India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments

Finance

OSV firm Farstad Continues Restructuring Talks

Supply firm Farstad Shipping's CEO Karl Johan Bakken repeats is in stand-still agreement with lenders until Oct. 1   Notable disclosures: * CEO says is talking

Banks Halt Support for Hanjin

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,

China Cosco Sinks into Red

Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half,

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators
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: 0.1045 sec (10 req/sec)