Yangon: Maersk Line and intra-Asia subsidiary MCC Transport are confirming plans of opening a branch office in Myanmar following the suspension of EU and US trade sanctions in 2012 and strong economic outlook.
After twenty years of experience in Myanmar, operating under third party agency representation, Maersk Line and MCC Transport will increase their presence by stationing a permanent owners’ representative in Myanmar.
“I find it very exciting that we have received approval for a permanent representation in Myanmar which will allow us to be a part of the rapid development we will undoubtedly see in Myanmar in the coming years” said Henrik Jensen, MD, Maersk Thailand.
The aim is to open a branch office in the second half of 2013 to assist Maersk Line’s global customers in entering the market and successfully sourcing goods to and from Myanmar, a market reaching 400,000 teu in 2012.
“Myanmar is the last untapped market in Southeast Asia,” Maersk said in a statement, adding: “It has significant natural resources, a large population, and is strategically located between two of the world’s largest economies, India and China.”
Maersk Line has four sailings per week departing from Yangon.
Heading up Myanmar as Maersk Line’s owner representative will be My Therese Blank, who joined Maersk Line 2006 in Sweden and was stationed in Myanmar as owners’ representative during Q4 2012. She is expected to start up her role in Myanmar in this month. [12/03/13]
RELATED STORY (click headline to read)
MOL gets Burmese business licence
