“K” Line will open an office in Yangon, Myanmar, in January 2014.
The container line will appoint Japanese personnel from its head office in Tokyo for the new office.
“By assigning Japanese personnel to Yangon, ‘K’ Line will be able to have direct contact with the Myanmar industrial community in order to gather and better evaluate information related to infrastructure and local companies in Myanmar,” the carrier said.
“K” Line has already secured the office in Yangon and aims to eventually develop business by establishing a joint venture with a local company. The company also plans to develop marine transportation and other services in logistics and related areas for customers in the Southeast Asian nation.
In the last few years, Myanmar has been attracting attention as one of the “post China” countries, after its oppressive military regime was dissolved in 2011 and trade barriers subsequently fell. Japanese companies, among others, are establishing operations in Myanmar with projects such as the joint construction of the Thilawa Industrial Park by the Japan and Myanmar governments.
JOC’s “World’s Worst Infrastructure” infographic showed that Myanmar has the third worst overall infrastructure in the world, based on quality of roads, railroads, ports and airports. State investment in infrastructure in Southeast Asian countries in general will be critical for those economies in the future, although Myanmar is well positioned to raise infrastructure investment.