To boost regional trade, a cargo shipping line is being established in a joint effort between Myanmar, Thailand and Singapore. Vessels will travel from Bangkok to Yangon, going through Ranong.
The chairman of Golden Land Express Limited, U Aung Zaw Oo, said: “Our cargo line will run from Bangkok to Ranong and then Yangon. It will boost trade within the Asean Economic Community.”
The vessels should take up to three days in transit from Bangkok to Yangon.
“We are studying the route. We plan to use the railway to save costs and time. That will only take eight hours. From Ranong to Yangon is by the sea. Our ships will only take at the most 48 hours to reach the destination. Our route takes three days at the most. Usually, when a vessel leaves Bangkok for Yangon, it takes seven to eight days and up to nine days, depending on the weather because they have to cross the Andaman Sea. Our cargo shipping line will only take three days and the costs will be lower,” said U Aung Zaw Oo.
Representatives of Singapore, Thailand and Myanmar signed a memorandum of understanding on March 19.