Myanmar to face shortage of containers for another two months

Local traders expect there will re main a lack of containers for exports over the next two months because of the disruption caused by the COV ID-19 pandemic.“It is the impact of COVID-19. Operations have been in chaos. Entry and exit of ships has been in disorder,” said U Than Wai Aung of the Myanmar International Freight Forwarder Association
(MIFFA), an industry body. “Prices changed unexpectedly, and we are short of containers here.”

Most of the containers from Asia have stayed in European markets and have not returned due to the global health crisis, said U Nay Say from the Logistics Myanmar Com munity.He said consequently the price of containers have doubled or even tripled because of the shortage, but does not expect this to heavily affect exports.“Containers have piled up in Europe, America and Asia-Europe. This problem will end in the next two months,” he said.

“There is no container at the port. Price will surge if we go to take the containers from Singapore,” said a bean and pulses exporter, who de clined to be named. “Containers have been rare as there is no import here. We have to pay a higher price if we want to hire containers.”The exporter said beans and pulses cannot be exported because of this problem and the products are currently sold domestically.

To see the original article click link here

Source : Myanmar Times

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

 Opportunities from COVID19

.

Looking for foreign investors to invest in your business in Myanmar