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Chinese shipping company developing



Chinese shipping company developing Burma market 

Xinhua,  Yangon, 16th November: The Myanmar COSCO Limited 
of China, a subsidiary company of the China Ocean Shipping 
Companies (COSCO) Group, has been actively developing its 
market in Myanmar and achieved initial success. 

The Myanmar COSCO Ltd was founded in October 1996. Not 
long after its establishment, due to the impact of the Asian 
financial crisis, many foreign companies investing in Myanmar 
pulled out one after another for poor business operation. 

But the Myanmar COSCO Ltd did not give up and has tried 
hard to develop its business in the Myanmar market. 

Since its founding, the company's container transport business 
has grown from the import of only a dozen containers per month 
in the initial period to the present average import and export quantity of
about 350 containers per month. 

Meanwhile, the transport business of bulk cargo has grown out of 
nothing, making it possible for four to five 10,000-ton vessels to call 
at the Yangon Port every month. 

The Myanmar COSCO Ltd also undertakes trading business in addition
to the traditional transport business operation of containers and bulk cargo. 

Managing Director of the Myanmar COSCO Ltd Sun Liang told Xinhua 
that Myanmar and China are friendly neighbours and the friendly bilateral 
relationship is extremely conducive to the promotion of economic and trade 
ties between the two countries. 

Sun said the Myanmar COSCO Ltd is also planning to invest and establish
real estate in Myanmar. 



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