SMI, Senko’s Myanmar JV Eyes Logistics and Warehousing Services

Singapore-listed Singapore Myanmar Investco Limited (SMI) has entered into a joint venture agreement with Japanese logistics group Senko Co Ltd to provide logistics and warehousing services in Myanmar. The firms will incorporate and operate a Singapore company, SMI-SENKO Logistics Pte Ltd, for this purpose, SMI said in a Singapore Stock Exchange (SGX) filing. According to […]

Ministry push to improve waterway logistics

The Ministry of Transport will focus on constructing new ports and renovating docks and jetties, as well as developing the Thilawa port region, using a combination of Japanese loans and government funds, said U Thet Tun, deputy permanent secretary for the Ministry of Transport. The ministry will also collaborate with local and foreign private companies […]

Mandalay Airport to Become Logistics Hub

Mandalay International Airport will be upgraded into a logistics hub, according to the Department of Civic Aviation (DCA). The upgrade is expected to improve the airport so that it can provide cargo and distribution services for international and domestic goods. “First, the airport buildings and terminals will be upgraded. This will be followed by preparation […]

UPS comes calling with freight forward services

United States-based logistics and shipping firm UPS announced the introduction of its freight forwarding services to and from Myanmar on August 19. The firm highlighted Myanmar’s rapidly growing economy and aims to becoming a manufacturing market as reasons for entering, adding demand for freight services is expected to skyrocket, according a release marking the announcement. […]

The Freight Co Ltd Myanmar Introduces Barge Service

The Freight Co Ltd Myanmar said it has started a barge service between Thailan’ds Ranong province and Yangon. The barge service operated by Consolidated Heavy Lift Singapore will start operation in the middle of September, the logistics services firm, which is a subsidiary of Thailand-based The Freigh Co Ltd, said. The barge service is primarily […]

Myanmar Chooses CJ as Logistics Joint Venture Partner

South Korea’s largest cargo delivery company CJ Korea Express said it was named a preferred partner to form a joint venture with the Myanmar government. The joint venture with state-run Road Transport Administration Department will develop a 13,000-square-metre distribution centre in Yangon and operate it for 20 years, CJ Group’s logistics affiliate said, according to […]

Myanmar health care spending lifts logistics market

Consumer spending on over-the-counter health care products in Myanmar is anticipated to grow from around $140 million in 2013 to $480 million by 2020, providing a huge and growing market for distributors and logistics providers. The medical devices market in Myanmar is anticipated to grow threefold by 2020, and eight out of 10 Myanmar consumers […]

Damco Launches First Container Freight Station in Myanmar

Third-party logistics provider Damco has started operating the first international warehouse and Container Freight Station (CFS) facility in Myanmar, the Netherlands-based company said. This brand-new 4,000 square metre facility is C-TPAT compliant and located within 15 kilometres from Yangon Port and major industrial locations, Damco said. The facility is suitable for import and export activities […]

SDV Enters Myanmar Market

French logistics company SDV, wholly owned by French investment and industrial holding group Bolloré, said it has set up a new office in Yangon in line with its investment and expansion strategy in Southeast Asia. The new office went into operation on May 1. “As the country moves toward democratic and economic reforms, many of […]

Yoma to Ramp up Myanmar Investments by $130 Million

Singapore-listed Yoma Strategic Holdings (YSH) last week announced its plans for a massive expansion of its business interests in Myanmar in a bid to diversify its portfolio and income stream in the frontier market of the Southeast Asian country. The company, which mainly deals in real estate and property, will bolster its push into Myanmar […]