YANGON—Myanma Five Star Line will be purchasing three more ocean liners, according to MFSL deputy general manager Maung Maung Soe.
As the national flag carrier of the Republic of the Union of Myanmar, MFSL now operates shipping services by running with 22 ocean-going vessels for domestic and foreign travel.
“We are planning to buy three more ocean liners before mid-year. We are going to promote economic growth between partnership countries depending on our export and import enterprises,” said Maung Maung Soe.
The MFSL has been a fully state-owned organization, under Myanma Economic Holding Limited, since 2010. The national flag carrier was established in 1959 to cater to the carriage of Myanmar’s exports and imports. The shipping line bought its first-ever Bagan vessel in 1961.
MFSL properties under the Ministry of Transport have been sold to MEHL. For this reason, the residents of Coco Island are now relying on naval vessels because the shipping vessels cannot run to their island.
Source: ELEVEN Myanmar