Myanmar Shipyards builds 528 new vessels, repairs 1,598 ships

Myanmar Shipyards under the Ministry of Transport said that 528 new ships were built and 1,598 ships were repaired up until August this year.

Myanmar Shipyards was formed in 1970 as a state-owned enterprise and it has carried out construction and repairing processes of vessels as commercially since the beginning of 1976.

“We built 528 newly vessels and repaired 1,596 ships from 1970 to this year August. Starting from October last year, 15 ships were docked and repaired at the shipyards as well as three 400 Ton Working Barges were built for the Ministry of Construction,” said an anonymous officer from Myanmar Shipyards.

U Thar, a vessel owned by Myanmar Five Stars Shipping Line, was built at Shikoku Dockyard in Takamatsu, Japan and repaired at the Myanmar Shipyards (Hsinmalaik) and started seafaring in September.

The vessel is able to carry more than 18,000 tons of cargo. Myanmar Five Stars Line used U Thar for its ongoing shipping services around Asia.

Under the permission of Myanmar Investment Commission, Myanmar Shipyards had signed a joint-venture agreement with Dong A Shipbuilding Industry-JSC from Vietnam in January of 2015 aiming for establishment of Myanmar Shipyards Dong A Joint Venture Companay Limited.

SOURCE: ELEVEN MYANMAR

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