S'PORE Company Launches Feeder Serv

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Subject: S'PORE Company Launches Feeder Service to Myanmar

S'PORE Company Launches Feeder Service to Myanmar

            Xinhua
            19-JAN-99

            YANGON (Jan. 19) XINHUA - Singapore's HUB Marine Ptd.
            Ltd. has introduced a new feeder service to Myanmar with its
            schedule extended to Malaysia to enable exporters and
            importers to conduct business smoothly, making it cost
            effective. 

            The Singapore-Yangon-Port Klang (Malaysia) feeder service
            of the company, using its vessel MV Saipan Pioneer, is
            provided on a 10-day round trip basis. 

            The vessel called Sunday at Myanmar International
            Terminal, Thilawa (MITT), a new port next to the Yangon
            Port built at the Thanlyin-Kyauktan region, 25 kilometers
            south of Yangon. 

            The MITT, a container terminal newly built by the C and P
            Holding of Singapore in November 1997, is made up of five
            plots of wharves having a total quay length of 1,000 meters
            and an area of 75 hectares. 

            The terminal provides berthing capacity for four ocean
liners
            and an annual handling capacity of 1 million 20-feet
            containers. 

            The existing Yangon Port is traditionally Myanmar's main
            gateway to the world, handling all of its imports and over
90
            percent of its exports. 

            According to official statistics, the volume of port
handling
            services of Yangon Port and other out ports for coastal and
            overseas transportation totaled 7.5 million tons in 1997-98
            fiscal year.