The number of containers that pass through Yangon Ports annually has almost tripled over the past decade, according to the Myanmar Port Authority, which expects the rate to accelerate as more jetties are under construction or in the planning stages.
In fiscal year 2003-2004, the ports handled 9.8 million tonnes of commodities. In FY 2012-2013 FY, the amount rose to 24.2 million tones, and last fiscal year it rose above 28 million tonnes. Almost 20 million tonnes have been handled so far this year, data from the authority shows.
Kyaw Myint, managing director of Myanmar Port Authority, said massive expansion plans – which will see the number of jetties almost double – are underway for the surge in trade expected. “As of now, there are 18 jetties, seven more are under construction, and another seven in the planning stage,” he said.
When the new jetties are finished the ports will be able to handle 32 container ships at the same time, he added. They include Boaungkyaw, Myanma Industrial, Asia World and Myanmar International-Thilawa ports.
Combined they handle 85 per cent of Myanmar’s official imports and exports. Besides the 18 jetties, there are three warehouses.
About 40 per cent of the ships that enter the ports are container-carriers, 48 per cent are cargo ships and 12 per cent are vessels transporting vehicles.
Source: ELEVEN MYANMAR