JOC Staff | Mar 14, 2013 10:10AM EDT
Maersk Line and its Asian arm MCC Transport are to open a branch office in Myanmar to tap a market poised for strong cargo growth following the suspension of European Union and U.S sanctions in 2012.
The companies, which have used third-party agency representatives for the past 20 years, plan to open the office in the second half of the year.
Maersk, which has four sailings per week from Yangon, said total container traffic to and from Myanmar reached 400,000 20-foot-equivalent units in 2012.
“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 Danish carrier said.
The office will be headed by My Therese Blank, who joined Maersk in Sweden in 2006 and was stationed in Myanmar as owner’s representative during the fourth quarter of 2012. She is expected to take up her post this month.
