Feature, Freight News, Logistics

Panalpina opens Mynamar office

[ September 10, 2015   //   ]

Freight forwarder Panalpina has opened its own office in Myanmar, in the largest city, Yangon. It can handle ocean and air freight shipments, both imports and exports.
Myanmar had been isolated from international trade for decades until 2011, when a new civilian government was elected. As economic sanctions against Myanmar have been eased, international trade has escalated, especially imports and new direct shipping services having been started between Shanghai and Yangon.
“Panalpina has worked with customers in Myanmar for many years through dedicated agents,” says Thorsten Harenberg, country manager for Panalpina Myanmar. “We have been grateful for their support, but having our own team on the ground here in Yangon will allow us to work more closely with and better meet the needs of our customers during this exciting time of investment and development.”
In the south, Myanmar plans to develop Dawei into a deep sea port and special economic zone. Combined with new overland links into Thailand, Laos, Cambodia and Vietnam, this project could establish an attractive multimodal trade corridor between South East Asia and India. However, the lack of infrastructure remains a challenge.
Panalpina sees the biggest opportunities in telecommunications, manufacturing, oil and gas and capital projects.