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August 19, 2019

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Myanma Shipyards to build six vessels during next half

Image result for myanma shipyardsThe Myanma Shipyards-AMECC Joint Venture Co Ltd, between Myanma Shipyards and Vietnam’s Dong A Shipping Industry, will build six vessels and repair 10 in the six months from October 1 to March 31. All offers for the next shipbuilding projects are from local private owners in Myanmar. Ship vessels are built according to the criteria of the Classification Societies (ClassNK)

The six vessels to be built in next six months are four 30-metre fishing trawlers, one 36-passenger vessel, and one 70m oil barge. The company is building the four trawlers starting this year under eight-month contracts. The company is also repairing two passenger vessels, two oil tankers, one offshore utility vessel, one buoy-laying vessel, two steel yachts, one recreation river vessel, and an oil barge. It is also repairing four cruise ships, two 25-metre harbour tugs, one offshore accommodation barge, and a recreation river vessel.

The joint venture delivered a US$2.2-million multi-functional buoy-handling vessel, the “BH-101,” to the Directorate of Water Resources and Improvement of River Systems on July 27. The Joint Venture was signed in 2015, and it started operations that October. Its name was changed to Myanma Shipyards-AMECC Joint Venture Co Ltd to build and repair commercial vessels in 2017. The company has built 38 vessels in four years.

Source: Myanmar Times

Surveys begin for elevated train in Yangon

Related imageRight-of-way surveys for a sky-train system in Yangon have started, said Yangon Mayor U Maung Maung Soe. U Maung Maung Soe made the announcement during a press conference at Yangon City Hall on Monday to brief the media about the project.

The Ministry of Transport and Communications, the implementation agency, will survey the land required for the project, which is being carried out with assistance and funding from the Japan International Cooperation Agency, and will inform the Yangon City Development Committee of the results. Besides the surveys, studies will also be conducted on the socio-economic effects that the project may have. Compensation for land or buildings that may have to be appropriated for the project will be based on market prices.

The proposed route for the sky train will pass through Hlaing Tharyar, Mayangone, South Okkalapa and Yankin townships. Starting from Hlaing Tharyar railway station in western Yangon, the proposed route will cross the Hlaing River and stop at Parami station in eastern Yangon. The 18-kilometre sky train will include 13 stations and is projected to be completed by 2027.

Source: Myanmar Times 

Myanmar to pick deep-sea port location next year

Related imageThe location for Myanmar’s first deep-sea port will be decided next year, according to a senior government official. “Construction of a Yangon deep-sea port is one of the projects included as second priority in the National Transport Master Plan. Work is being made and the location can be finally selected and approved within 2020,” U Aung Ye Tun, assistant secretary of the Ministry of Transport and Communications, told The Myanmar Times. In addition, the government will establish six inland ports in Bhamo (Bamaw), Upper Myanmar in Mandalay, Pakokku and Magway, and Monywa on Chindwin River, the official said.

The priority is in Mandalay and construction will be started in this coming October. It is expected to be finished in March 2021. Possible places mentioned for the deep sea port include Dawei in Tanintharyi Region, Pathein in Ayeyarwaddy, Kyaukphyu in Rakhine and Mawlamyine in Mon State. Yangon government’s project bank also lists the Yangon International Multipurpose Terminal proposal, which will be located between Kawhmu and Kungyangon townships in Elephant Point on the Gulf of Martaban.

The port authority’s website lists the Dawei and Kyaukphyu deep-sea port projects but information appears to be wrong. For instance, it says the Kyaukphyu port was completed in 2013. In fact, the developer, a consortium led by China’s state-owned CITIC, has only signed a framework agreement with the government last November and recently started the legally-required environmental and social impact assessment process.

Source: Myanmar Times 

Competition heats up on Yangon-Shanghai route

Image result for Chinese Spring AirlinesChinese budget carrier Spring Airlines on Monday commenced scheduled operations at Terminal 1 of the Yangon International Airport (YIA). Spring Airlines will operate direct flights between Yangon and Shanghai using an Airbus A320 aircraft, which has the capacity to carry 186 passengers. The carrier offers flights from YIA four times a week.

The move comes just a month after China Eastern Airlines launched a direct Shanghai-Yangon full service flight using Airbus 320 aircraft. This route offers flights from YIA three times a week. It was China Eastern Airlines’ ninth route connecting China and Myanmar, making it the airline with the most flights between the two countries, and it expects to transport around 360,000 passengers on those flights in 2019.

With the addition of Spring Airlines, there are now 32 international airlines operating at YIA, connecting Myanmar to 33 destinations across Asia, Yangon Aerodrome Company Limited, which operates YIA, said in a statement. At least ten are Chinese airlines. To date, 15 cities in China, including Shanghai, are connected with Yangon.

Source: Myanmar Times 

 

Potato Cold Storage Opens in Heho, Southern Shan State, Myanmar

Heho Storage OpeningA cold storage warehouse for potatoes of the Heho Potato Company was official opened on 21st of June, 2019 in Heho, Southern Shan State, Myanmar. This is the third professional cold storage facility for potatoes in Myanmar and the first commercial warehouse which compasses substantial storage capacities, and is equipped with modern technology from Omnivent.

The cold storage can store up to 1,000 tons and the main purpose is to provide good quality potatoes for consumers and potato seeds for farmers and to share knowledge about good storage systems and technical know-how to keep good quality seed preserved for next growing seasons.

The successful event was attended by many hundreds of interested farmers and many others, including a member of the Union Parliament (Hluttaw) and the agricultural unit of the Netherlands Embassy, Agricultural Assistant Ms. Aye Aye Nwe and the Agricultural Counsellor Mr. Frederik Heijink, who delivered an opening speech.

Source: agroberichtenbuitenland.nl

MoTC, Moon Engineering Joint Venture Co., Ltd sign contract for developing vehicle registration by RFID System

Related imageRoad Transport Administration Department of Ministry of Transport and Communications and Moon Engineering Joint Venture Co., Ltd yesterday signed a consulting services contract for developing vehicle registration by Radio Frequency Identification-RFID System at the ministry in Nay Pyi Taw.

Present at the meeting were Deputy Minister U Kyaw Myo and officials from the Ministry of Transport and Communications, and officials from Moon Engineering Joint Venture Co., Ltd. During the signing ceremony, U Kyaw Myo, the Deputy Minister for Transport and Communications and Mr Hun-Il Moon, the Chairman of Moon Engineering Joint Venture Co., Ltd, delivered speeches.

Afterwards, U Zaw Min Oo, the Director-General of Road Transport Administration Department, and Mr In-Jin Kim, the Executive Director of Moon Engineering Joint Venture Co., Ltd, signed the consulting services contract.
To implement the RFID System, feasibility study and invitation to tender for developer will be conducted at designated times. The tendering processes will be conducted around end of 2019.

Source: Global New Light of Myanmar 

 

 

Myanmar, Thailand sign agreement to facilitate overland trade

Related image

Overland cross-border trade between Myanmar and Thailand will officially commence at the end of July following an agreement to allow vehicles from both sides across the border to facilitate the transportation of goods between the two countries. The agreement, which followed discussions that started a year ago, will see the governments of both countries issue licenses to logistics companies to transport goods overland through the Yangon (Thilawa)-Myawaddy-Mae Sot-Bangkok (Laem Chabang) route.

Under the agreement, 100 vehicles from each country will be granted temporary one-year passes to transport goods across the border along the route. Thilawa would be where all Thai vehicles will have to stop for customs inspections while Thailand will carry out customs inspections for Myanmar vehicles in Mae Sot.

According to U Win Hlaing, deputy director for the Road Administration Department at the Ministry of Transport and Communication, Myanmar has already issued international cross border operator (ICBO) licenses for 40 trucks. It will issue another 21 licenses in the initial phase. So far, three logistics companies from the Myanmar side – MK Transportation, Hercules Logistic and Resource Group Logistic – have been granted permission to transport goods overland through the border.

Source: Myanmar Times 

 

 

 

Indian agribusiness granted IFC loan to expand Myanmar facilities

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The Yangon subsidiary of an Indian agri­-logistics group has secured a US$3 million loan from the International Finance Corporation (IFC), the investment arm of the World Bank.

Delhi-based Sohan Lal Commodity Management (SLCM) will use the capital to expand its warehousing and logistics services in Myanmar. The terms of the loan were however not disclosed.

The company handles cotton, black pepper, rice, wheat, pulses, maize, sugar and spices in Myanmar, for both imports/exports and domestic consumption, according to SCLM assistant manager Diksha Arora. The Myanmar unit has managed 3.24 million square feet of commodity storage space in 127 industrial zones and handled 10.14 million tonnes of commodities.

Agriculture is the backbone of Myanmar’s economy, while more than half of the national population live in rural areas. But the infrastructure and technology necessary for farmers and traders is severely underdeveloped. Many local warehouses are completely lacking in operational equipment and technology, such as CCTVs, dock levellers or a stable power supply.

Farmers in Myanmar are often forced to store harvested products to sell at a later time. The poor warehouse conditions mean the storage leads to substantial losses, which the IFC estimated to be at around 20 percent.

The biggest hurdle is for the agri-logistics industry to understand the business model, Ms Arora added. Another obstacle is the limited understanding by Myanmar financial institutions on how to evaluate and manage agri collateral.

“Agriculture like e-commerce has gone through an immense change in the past few years. Infrastructure used to be a challenge in the past. Now, cutting-edge technology makes it possible to manage and handle agri commodities despite location, infrastructure, weather pattern or crop.”

In particular, SCLM has reduced post-harvest losses to 0.5pc in Myanmar, said CEO Sandeep Sabharwal. The IFC loan will further help farmers store higher volumes and reduce post-harvest losses caused by infestation, excess humidity and inadequate storage.

Myanmar’s agriculture provides employment to 53pc of the labour force, IFC manager for Myanmar Vikram Kumar highlighted, and is key to alleviating the country’s poverty. “A World Bank research has shown that progress in the agricultural sector was directly responsible for at least 46pc of the reduction in poverty between 2005 and 2015.”

Since 2013, the Washington-based lender has invested over $1.3 billion in the country. Last month it announced a $20 million loan to the Myanmar subsidiary of German retail group Metro AG.

Source: Myanmar Times

New general cargo and container wharf at Thilawa Port to expand

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A new general cargo and container wharf, built by overseas development assistance (ODA) loan from Japan, at Thilawa Port will be expanded, according to Ministry of Transport and Communications.

“The ministry will expand the new wharf. More ships can dock in May,” said an official from Myanma Port Authority (MPA).

Thant Zin Maung, Minister for Transport and Communications received Hiroto Izumi, special advisor for Japanese Prime Minister on March 21.

Both sides discussed about the upgrading process of Yangon-Mandalay railroad and Yangon circular railroad, construction of a new wharf in Thilawa Port and Hanthawaddy International Airport, cyber security affairs and matters related with the future cooperation.

The construction work of about US$200 million worth cargo and container wharf was finished on December 14.

The wharf has not handled the cargo yet and the operation of the wharf will be started after it is handover to the company which will handle the cargo.

The MPA developed 37 (200*750 meters) land plots in Thilawa port and invited local and foreign investors to implement the development of the port.

Source: Daily Eleven

Burmese trucking logistics company Kargo receives over US$130K from Yoma Bank

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Burmese online truck shipment service Kargo has announced that it has inked an SME financing agreement with Yoma Bank, Myanmar’s commercial bank.

The partnership will see Kargo receive an initial loan of approximately US$130,000. Through the bank’s Unsecured SME Financing, Kargo plans to facilitate same-day payments to its truck drivers, boost its ability to grow its customer base, and manage all invoices.

Up until March 2019, the company has connected almost 2,000 truck drivers in Myanmar.

“When we first envisioned Kargo, we were starting out in an extremely fragmented market that had a very opaque pricing system. Now, our virtual fleet has become the largest one in Myanmar and completing over 5,000 deliveries to date,” said Alex Wicks, the Founder and CEO of Kargo.

Prior to this agreement, Kargo has raised a seed round from Singapore-based SEED Myanmar in 2017 as well as a six-figure grant in February 2018.

Kargo was the ‘Best Logistics and Supply Chain Startup’ at the Echelon Top 100 Start-up Competition, Kargo received US$50,000 prize from the Singapore government.

Source: E27.co

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