Maersk Line and MCC Transport, subsidiaries of Danish business conglomerate AP Moller-Maersk Group, announced on March 8 that they intend to open a branch office in Myanmar following EU and US trade sanction suspensions last year.
The office is scheduled to be opened in the second half of 2013.
“I
find it very exciting that we have received approval for a permanent
representation in Myanmar, which will allow us to be a part of the rapid
development we will undoubtedly see in Myanmar in the coming years,”
said the managing director of Maersk Thailand, Henrik Jensen.
Maersk
has operated in Myanmar for around 20 years through a third party
agent, Win Universe Limited. They now have four sailings a week
departing from Yangon.
“Myanmar is the last untapped market in
Southeast Asia. It has significant natural resources, a large population
and is strategically located between two of the world’s largest
economies, India and China,” the company said in a statement on March 8.
The
statement continues: “With a population of 60 million, Myanmar has the
potential of becoming one of the largest consumer markets in Southeast
Asia, while the low cost of labour is attracting low end manufacturing
and production companies.”
AP Moller-Maersk Group operates
companies primarily in the fields of shipping and oil and gas. Maersk
Line is the world’s largest shipping container company.
source: The Myanmar Times
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