Maersk Line, the global container shipping company, launched its shipping service between Yangon, Shanghai and Ningbo on January 25 as the very first service between Myanmar and China.
The new route IA5 – Intra Asia 5 – will serve once a week between Myanmar and China. Previously it took 18 days between Yangon and Shanghai. Now with the new route, it will only take 13 days.
“We are opening our agency in Myanmar because the country has possible potential in international trade. At the present, it is trading with Asian countries like China, Thai and Vietnam. We expect that the country will later expand its trade to European countries and the US,” the Maersk Line’s managing director for Myanmar and Laos told the press on February 4.
Maersk Line entered Myanmar in 1991 by joining with a Myanmar partner. Last year, it established its own agency in the country.