Myanmar Grants Maersk Permanent License

MarineLink.com
Friday, February 21, 2014
Photo courtesy Maersk

The A.P. Moller – Maersk Group has received a permanent license to operate container business activities in Myanmar. The business will encompass the three brands Maersk Line, MCC Transport and Safmarine and the agency in Yangon will be officially opened in May 2014.

"We are pleased to be granted a permanent business license to operate our own agency in Myanmar. Since the European Union and United States eased sanctions in 2012, we have experienced a surge in interest in sourcing goods to and from Myanmar," said My Therese Blank, Myanmar Country Manager.

Macro-economic indicators signal a continuous expansion of growth in the country due to infrastructure development and investments in industries such as agriculture and garment. With a population of about 60 million, trade is also expected to grow as demand for consumer products increases.

"We have confidence in Myanmar's long-term economic growth potential. Containerized trade has been growing by 17 per cent annually on average from 2007 to 2013, and we expect the positive trend to continue. By 2020, container volumes indicate a potential growth to 600,000 FFE, which is four times the current levels," said My Therese Blank.

The Maersk Group's three container businesses have operated under a third party agency for the past 20 years. By increasing its presence in Myanmar, the Maersk Group sees more opportunities in working with customers, suppliers and the local authorities to develop the country's transport industry and supply chain, increasing the country's competitiveness in the international market.

"By establishing our own agency in Myanmar, we will be better able to take part in facilitating global trade, support economic growth, and offer support and local know-how to customers looking to enter this market. As lead members of the UN Global Compact, Maersk places strong emphasis on conducting our business in a responsible way in line with international principles. This gives our customers ease of mind and reduces their risk exposure in an important part of the supply chain," said My Therese Blank.

The Maersk Group is also represented in Myanmar by Damco, a separate company within the Group which handles supply chain management and freight forwarding activities. Damco received its permanent license to operate its own agency in Myanmar in July 2013.
 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Damen Responds to Evolving Fishing Practices

Maaskant Shipyards Stellendam meets fishing sector’s growing needs by performing electric pulse fishing conversions   As European fishing policies evolve, so fishing techniques advance.

Maaskant Shipyards Earns ISO 9001:2008 Certificate

Maaskant Shipyards (Stellendam), part of Damen Shipyards Group, has received certification from Bureau Veritas for aligning its quality and management systems with

Duffy Named President of Carnival Cruise Line

Christine Duffy has been named president of Carnival Cruise Line, Carnival Corporation & plc. announced today.   Duffy, currently president and CEO of Cruise Lines International Association (CLIA),

News

Damen Responds to Evolving Fishing Practices

Maaskant Shipyards Stellendam meets fishing sector’s growing needs by performing electric pulse fishing conversions   As European fishing policies evolve, so fishing techniques advance.

Maaskant Shipyards Earns ISO 9001:2008 Certificate

Maaskant Shipyards (Stellendam), part of Damen Shipyards Group, has received certification from Bureau Veritas for aligning its quality and management systems with

Duffy Named President of Carnival Cruise Line

Christine Duffy has been named president of Carnival Cruise Line, Carnival Corporation & plc. announced today.   Duffy, currently president and CEO of Cruise Lines International Association (CLIA),

Logistics

Los Angeles Container Volumes Drop

November container volumes down 3 percent at Port of Los Angeles; year-to-date volumes up 6.5 percent   Overall containerized cargo volumes in November 2014 have

Transpacific Box Shippers Plan Freight Rate Rise

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.

Container Volumes on the Rise in South Carolina

Container volume up 13 percent at South Carolina Ports Authority; Charleston benefiting from federal appropriations    The SC Ports Authority announced another

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1686 sec (6 req/sec)