August 27, 2013
Source: The Hindu Business Line
Shallow draft, lack of rail connectivity, uneasy relations with Vietnam, and the general slowdown may leave LM 17, Cambodia’s brand new $28-million container terminal near Phnom Penh, up the strait.
Even if the terminal achieves the targeted throughput of 110,000 TEUs (it has moved 70,000 so far) by December, the rate of growth will be lower than what the old terminal (TS 3), located about 30 km away, achieved in 2012 (95,333 TEUs) over 2011 (81,631 TEUs) and 2010 (62,256 TEUs). More…
June 18, 2013
Reposted from Dredging Today
Thailand and Myanmar will each take a 50% stake in the joint venture, which will have an initial registration capital of 12 million baht.
Thailand and Myanmar have signed an agreement to create a joint venture for developing the Dawei Special Economic Zone in Myanmar, which will draw capital from investors from Japan as well as other countries.
Prime Minister’s Office Niwatthamrong Bunsongphaisan expects that Dawei SEZ Development Co. Ltd., the joint venture tasked with developing the Dawei SEZ and related areas, will require 1.4 billion USD of investments during the first 5 years of development, between 2014 and 2018. During this phase, a road will be constructed to link Dawei project with Ban Phu Nam Ron in Thailand’s Kanchanaburi province. More…
June 12, 2013
Reposted from DAP News
The port is expected to list on Cambodian Security Exchange later this year.
The Sihanoukville Autonomous Port, the kingdom’s largest shipping facility, has seen a 14 percent increase in cargo shipment in the first five months of this year thanks to growing business activities, a port senior official said Wednesday.
During January-May period this year, the state-owned port had received 112,200 twenty-foot-equivalent units, or TEUs (standard- sized containers), up 14 percent from 98,500 TEUs in the same period last year, according to the port’s statistics. More…
April 23, 2013
Reposted from BSS
YANGON, April 22 (BSS/Xinhua) — Myanmar port authorities will build 14 more jetties at Yangon Port in addition to the 18 existing ones, in a bid to double the freight handling, official media reported today.
Of the 14 planned jetties under the government’s port development project, seven are to be built through joint venture and foreign aid, Transport Minister U Nyan Tun Aung was quoted by the New Light of Myanmar as saying.
U Nyan Tun Aung, in an inspection tour to the Yangon port, said Myanmar port would become crucial in Southeast Asia after the country’s Dawei Deep Seaport and Kyaukbyu Deep Seaport come into operation.
Yangon port handles 85 percent of export and import of the whole country, he disclosed, adding that the state will be responsible for 25 percent of the jetty construction, while the rest will be left to private constructors. More…
January 15, 2013
Ministers witness the signing for the Mandalay-Myotha Industrial Park Project January 9, 2012. (Than Naing Soe/The Myanmar Times)
Reposted from The Myanmar Times
The Mandalay Industry Development Authority, appointed by the Mandalay Regional Government, and the Royal Hi-Tech Group Company signed a contract to build the Mandalay-Myotha Industry Park project on January 9.
“Since Myanmar’s new government, the RHGC has wanted to implement this project. The main purpose of the project is for agriculture export. Following a feasibility study and discussions with the government, we plan to construct a port along with the industrial park. We believe the project will reduce poverty by creating new job opportunities,” said U Ye Myint, Mandalay Region chief minister. More…
August 18, 2012
Reposted from Travel Daily News
By Luc Citrinot
Originally posted on August 17, 2012
NEW DELHI- With the lifting of economic sanctions towards Myanmar by the rest of the world, India will not have to hide anymore its strong interest into its Eastern neighbour. In fact, New Delhi signed as far as 2008 an agreement with the military government of Yangon, just a few months after the junta crushed protests from the monks for more democracy. More…
July 3, 2012
Reposted from Ebeling Heffernan’s Live Trading
Cambodia’s largest port reports US$14-M revenues, + 14% in 1st 5 months of Y 2012
Cambodia’s largest Sihanoukville Autonomous Port (SAP) Saturday reported that it earned the total revenues of about US$14-M in the 1st 5 months of this year, + 14 rise from US$12.3-M at the same period last year.
The port’s report showed that from January to May this year, the port had received some 100,000 twenty-foot-equivalent units, TEUs or standard-sized containers, + 8% compared with the same period last year. More…
May 2, 2012
Reposted from The Phnom Penh Post
By Rann Reuy
Kampot Port Co will break ground on a Kampot port in September, company officials said yesterday.
The port will be an important part of a long-delayed Kampot Special Economic Zone (KSEZ), which is hoped to revitalise trade and commerce in the province. More…
March 7, 2012
The Myanmar Times
TOKYO – Japan is moving to resume loans to Myanmar after a quarter of a century, a report said on February 23, the latest move by the world community to bring the country in from the cold.
Tokyo hopes to reach an agreement with Myanmar on a conditional resumption of the loans – to be used for infrastructure projects such as ports and railways – at a summit in late April, the Nikkei newspaper said. More…