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Damco sets up first international CFS in Myanmar
AP Moller – Maersk logistics arm Damco has become the first international company to set-up a container freight station (CFS) in Myanmar.
1 Min Read
Kalyakan - stock.adobe.com
The 4,000 sq m facility is C-TPAT compliant and located 15 km from the port and industrial areas in Yangon.
“Damco is the first global logistics company in Myanmar. After acquiring an operating license in 2013 and opening a new office in Yangon, we have strengthened our position in Myanmar by being the first international logistics company in the country to start offering own-operated CFS/warehousing services,” said Kiattichai Pitpreecha, managing director of the Thailand, Malaysia & Myanmar cluster.
Damco was an early mover in the rush to invest in Myanmar following the lifting of international sanctions in the country in 2012. Sister company Maersk Line gained its permanent licence to operate in its container business activities in Myanmar in February this year.
Other shipping companies investing in Myanmar in recent times include Thome Group, Wilhelmsen Ship Services and Unithai.
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