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Yangon Port handles 306 cargo ships in H1

A total of 306 cargo ships docked at Yangon Port in the first half of 2022 (Jan-June), according to the Myanma Port Authority. The shipping lines have planned to extend ranges of services starting from May in order to facilitate exports and imports. The cargo ships are increasingly entering the terminals in Yangon. The number of cargo ships entering Yangon Port stood at 49 in January, 48 in February, 50 in March, 52 in April, 54 in May and 53 in June respectively.

The turnaround time at the port was designated approximately three days, under the instruction of the Myanma Port Authority and the cooperation of the ocean liners, exporters and importers. Therefore, the arrival of the ships has increased. The Myanma Port Authority and Yangon inner terminals are providing services to ensure the fast and reliable freight handling and withdrawal of the containers in order for trade flow to return to normalcy. Earlier, the larger ships had draft problems preventing their sailing on the Yangon River. The draft extension is up to 10 meters with the new navigation channel accessing the inner Yangon River.

The value of Myanmar’s maritime trade between 1 April and 24 June of the current financial year 2022-2023 surged to US$5.9 billion. The figure reflected an increase of US$1.49 million as against last FY. Sea trade rose from $4.4 billion recorded during the year-ago period, the statistics of Myanmar Customs Department showed. Exports through sea trade were valued at $2.49 billion, imports were registered at $3.4 billion. Myanmar exports agricultural products, fishery products, minerals, livestock, forest products, finished industrial goods, and other products, while it imports capital goods, consumer goods, and raw industrial materials.  The country currently has nine ports involved in sea trade. Yangon Port is the main gateway to Myanmar’s maritime trade, and includes the Yangon inner terminals and the outer Thilawa Port.

Source: The Global New Light of Myanmar

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