Nearly 1,300 motor vehicles unclaimed at Yangon ports for over a year

Nearly 1,300 cars which have gone unclaimed at Yangon ports for over a year will be confiscated and not allowed to be withdrawn even with payment of fines, it is learnt from the Myanma Port Authority. Ships load motor vehicles at seven ports — Myanmar International Terminals Thilawa, No.4 Thilawa Port, Myanmar Industrial Port, Sule […]

Container ship jam at Yangon’s port

Container ships arriving at Myanmar’s Port of Yangon in May were forced to wait in port up to three times longer than normal due to high levels of congestion, according to a report by on June 2. Ship call data seen by for Myanmar Industrial Port show the vast majority of ships needed […]

Yangon ports implement round-the-clock clearance

FROM last Thursday, customs clearance became available round the clock at all ports in Yangon, but it has come at a cost. It was announced last week that customs clearance for outbound and inbound shipments would be available 24 hours at all ports in Myanmar, including Yangon Port that is run by Myanmar Port Authority, […]

Easing of US sanctions on Myanmar to boost trade and investment

THE US Treasury’s tweaking of its Myanmar sanctions this week will boost trade and investment in the Southeast Asian country, and signals support for the mandate of the new civilian government led by Aung San Suu Kyi, writes Eric Yep. Entities close to the former military junta are still under sanction. But at the same […]

Mobile teams find illegal goods

The Ministry of Commerce’s mobile enforcement teams have discovered illegal items in 120 containers this month, as they investigated containers held in port for more than 60 days. Often, the illegal items were smuggled goods like reconditioned cars and roof tiles, hidden behind other products such as textiles and food. Ministry of Commerce director U […]

Myanmar earns US$5 billion from foreign trade

From April 1 to July 4, Myanmar’s foreign trade through land and maritime routes has amounted to more than $5 billion, an increase of $1 billion from the same period last year, according to the Ministry of Commerce. The exports totalled $1.8 billion and the imports were worth $3.4 billion. The maritime trade accounted for […]