Oil and shipping group A.P. Moller-Maersk has received a permanent license to operate container business activities in Myanmar, it said in a statement on Friday, February 21.
Since the European Union and the United States eased sanctions in 2012, the shipping company has experienced a surge in interest in sourcing goods to and from Myanmar, Maersk Country Manager My Therese Blank said in the statement.
The Maersk Group’s three container businesses, Maersk Line, MCC Transport and Safmarine, have operated under a third party agency for the past 20 years.
By increasing its presence in Myanmar, the group also sees more opportunities in the country.
“By establishing our own agency in Myanmar, we will be better able to take part in facilitating global trade, support economic growth, and offer support and local know-how to customers looking to enter this market,” Blank said.
The Maersk Group is also represented in Myanmar by Damco, a separate company within the Group which handles supply chain management and freight forwarding activities. Damco received its permanent license to operate its own agency in Myanmar in July 2013.
Source: Reuters
