Feature, Freight News, Logistics

Damco opens Myanmar container freight station

[ June 24, 2014   //   ]

Damco, the forwarding arm of the AP Moller Group says it has become the first company to open an international standard warehouse and Container Freight Station (CFS) facility in Myanmar. The brand-new world-class 4,000 square metre facility is C-TPAT compliant and located within 15 kilometres of Yangon ports and major industrial locations. It is suitable for import/export activities for fast moving consumer goods, consumer electronics, apparels, components, machinery and project cargo.
“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 managing director of the Thailand, Malaysia & Myanmar cluster, Kiattichai Pitpreecha. “
Since international sanctions were lifted in 2012, Myanmar has the potential to become a major sourcing country and consumer market he added. its strategic location between three drivers of global economic growth – China, India and Southeast Asia – makes it one of the most unique emerging markets in Asia.

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