Small Malaysian container line and regional feeder operator PDZ released its full-year results, and once again the destructive impact of weak freight rates was evident in a carrier’s financials despite the line posting a pre-tax profit.
01 Aug 2014
Consumer spending on over-the-counter health care products in Myanmar is anticipated to grow from around $140 million in 2013 to $480 million by 2020, providing a huge and growing market for distributors and logistics providers.
26 Jun 2014
The lifting of sanctions against Myanmar two years ago came at a time when garment makers in China were struggling with fast-rising labor costs and looking around Asia for alternative sourcing options.
25 Jun 2014
Damco, Maersk Group’s logistics unit, has started operations at the first international container freight station in Myanmar.
03 Dec 2013
“K” Line will open an office in Yangon, Myanmar, in January 2014.
17 Oct 2013
Thilawa is located some 20 miles down the coast south of Yangon, the commercial center and former capital of Myanmar in the days when it was more famously known as Burma. There, a gleaming new multipurpose port complete with 3,300 feet of berth — with a planned adjacent special economic zone likely to house a cluster of original equipment manufacturers — stands testament to the rapid transformation of Myanmar's economy.
15 Oct 2013
Lower demand growth and freight rates are forcing “rational” intra-Asia shipping lines to cooperate to optimize opportunities and avoid sinking into the red, according to one leading executive.
14 Oct 2013
TOKYO — Yusen Logistics is focusing on building supply chains in Mexico, Myanmar and Cambodia, as the former provides customers easier access to the North American market and latter two allow shippers to diversify their sourcing.