AsiaPorts and Logistics

Adani offloads Myanmar port 

Photo of Sam Chambers Sam ChambersMay 5, 2023
599 Less than a minute
TotalEnergies

India’s Adani Ports and Special Economic Zone Ltd (APSEZ) has exited the Myanmar market, finding a buyer to stump up $30m for its facility in Yangon. 

Adani Yangon International Terminal has an annual handling capacity of 800,000 teu and 3.5m tonnes of bulk cargo.

The buyer, Solar Energy, was able to negotiate a significantly lower price in the long protracted talks to sell the port.

Myanmar’s exports have struggled as sanctions have kicked in following a coup two years ago. 

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Photo of Sam Chambers Sam ChambersMay 5, 2023
599 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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