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December 11, 2018
Issue 11 is available now!

NEWS
LOGISTICS

Hong Kong firms eye investments in country’s infrastructure, logistics

Image result for myanmar country infrastructureHong Kong companies are looking for investment opportunities in Myanmar, especially in infrastructure and logistics support, according to Stephen Liang, assistant executive director of the Hong Kong Trade Development Council.

According to the council, Myanmar is Hong Kong’s eighth-largest export market and import source among ASEAN countries. It exported US$290 million (K452.4 billion) in merchandise to Myanmar and imported $89.9 million worth of Myanmar goods in 2017.

Hong Kong is the fourth biggest foreign investor in Myanmar, after China, Singapore and Thailand.

Source: Myanmar Times

Ministry announces ten short-listed companies for Yangon Elevated Expressway Project

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The Ministry of Construction has announced a shortlist of pre-qualified companies as contenders for the contract to build an elevated expressway in Yangon, which is aimed at alleviating the city’s traffic woes.

A total of 12 local and international companies submitted prequalification applications for Phase 1 of the project. Out of these, 10 companies were named prequalified bidders.

The shortlisted companies include a Chinese-Myanmar consortium, a Thai-Japanese-Myanmar consortium, a Thai-Chinese consortium, four companies from China and one each from France, Korea, and Japan.

The planned four-lane ring road will connect downtown Yangon, Yangon Port, Yangon International Airport, Mingaladon Industrial Zone and the Yangon-Mandalay Highway.

Source: The Irrawaddy

Less supply flow affecting freight transport

Starting from last week, freight transport has been slow 30 per cent of highway trucks have halted their transportation service, according to Myanmar Highway Freight Transportation Service Association (MHFTSA). Freight charges for high way trucks from Yangon to Mandalay, Muse, Magway, Ayeyawady, Pyay and other areas have significantly dropped as volume of shipment is down. Following suspension of truck service, we are discussing with freight forwarders to scale up 5 to 10 per cent of freight cost, said U Ko Ko Naing, chair of MHFTSA.
At present, China has suspended purchase of goods through border trade channels. Therefore, freight shipment volume has declined. Freight cost has decreased from 81,000 to Ks 68,000 per ton for Yangon-Muse route and from Ks 38,000 to Ks 31,000 per ton for Yangon-Mandalay route. Similarly, 30 per cent of transportation service in Magway, Pyay, Ayeyawady and other places are being suspended. Freight cost of highway trucks depends on volume of shipment.

There are two freight services in highway transportation sector, service for general goods and charter truck service for particular single item. The trucks running for various goods are currently suspended. There are 14 main routes for highway freight service, with 70,000 heavy trucks and nearly 200,000 light trucks.

Source: Global New Light of Myanmar

 

General cargo wharf to build in Thilawa Port

With the aid of Japanese ODA loan, the construction for general cargo wharf was started on June 2016 and will be completed in December 2018, and ships will be able to dock in early 2019, according to Myanma Port Authority (MPA). The construction will undertake in an area where containers can keep at the back of container and general cargo wharf in Thilawa port. The project is expected to complete the construction work carried out on No.25 and 26 land plots owned by the MPA in December, 2018. The project consists of building and buying a steel jacket type main bridge, dockyard buildings, three smaller bridges, two quay cranes, three reach stackers, six RTGs, six chassis and six chassis trailers.

 

Source: Eleven Media

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