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Asia World Port Terminal bullish about Myanmar economy with long-term investment in 14 new pieces of equipment

Asia World Port Terminal (AWPT), developed, managed and operated by Asia World Port Management Company Limited (AWPM) and one of the leading players delivering efficient and professional port services in Myanmar, has invested in 14 new pieces of port equipment for the long-term.

These include 9 new SANY Rubber Tyred Gantry (RTG), 1 Mobile Harbour Crane (MHC) from Konecranes Gottwald, as well as 2 Reach Stackers (RS) and 2 Empty Container Handlers (ECH) from SANY. AWPT’s recent total investments are a sure sign of its bullish outlook on the prospects of the port business which it has been operating since 1996-1997.

This also signals its strong confidence in the future of Myanmar’s economy, the overall macro-economic development of the country as well as the strong policies of the government. Buoyed by its vision to evolve into a technology-led player, this is the single largest investment in technology AWPT has made in recent years.

With this, AWPT will improve its overall operating capacity by 33% and containers can be stacked up to 7 high as opposed to 5 high. The new equipment is also expected to bring operational benefits and value to AWPT’s customers – higher levels of productivity and efficiency – which will ultimately ensure faster turnaround times and better quality of services.

Marked by a ceremony this morning to officially commission the new equipment today for operations, the occasion was graced by the Union Minister for Transport and Communications, U Thant Sin Maung as well as the Managing Director of Myanmar Port Authority, U Ni Aung.

Asia World Port Terminal handled almost 40% of the container throughput of the market in 2017. The port’s ongoing investments in technology and operational upgrades ensures it continues to deliver high standards of service and keep pace with the market in the coming years.

These measures include a Terminal Control Centre, a Terminal Operation System, training for staff as well as training on security and safety. In anticipation of the expected growth of container traffic in Myanmar in the next few years, AWPT is well equipped to handle the higher demand.

Source: Hellenic Shipping News

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