General Information

The Union of Myanmar, formerly known as Burma, the country neighboring in the east and north with Thailand, Laos and China, in the west and south with India, Bangladesh and Bay of Bengal, which has an area of 678,500 sq. km, is strategically located near major Indian Ocean shipping lanes. Forests and woodland cover 49% of the country, capital is Nay Pyi Taw. Yangon city was and is still playing an important role in the nation’s social and economic development.

Myanmar's natural resources include petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, some marble, limestone, precious stones, natural gas and hydropower. Agriculture products are paddy rice, corn, oilseed, sugarcane, pulses and hardwood. Myanmar's industries include agricultural processing, textiles and footwear, wood and wood products, copper, tin, tungsten, iron, construction materials, pharmaceuticals and fertilizers.

The standard unit of local currency is Kyat, with Pyar as subsidiary unit. One Kyat equals hundred Pyars. Kyat and Pyar are issued both in notes and coins. Time in Myanmar is 6:30 hours ahead of Greenwich Mean Time (GMT).

Since 1988, market reforms have been successively introduced, moving the country away from centrally controlled, socialist oriented economy. Most of the private sectors are being encouraged, and slowly move to and forming market oriented economy system. Which is now includes changes being preceded in the shipping industry, but still try to upgrade for proper document procedure for import shipment between the authorities and private sector.

 



Container Terminals.

There are four container terminals in Yangon, Myanmar International Terminal Thilawa (MITT), Bo Aung Kyaw Terminal (BSW), Myanmar Industrial Port Terminal (MIPT) and Asia World Port Terminal (AWPT), some of the terminals have modern port facilities, but all those have basic facilities to handle containers. 45 footer container is not recommended to ship into Yangon.

Information of Import Shipment (Sea freight).

At present, authority recognizes only two parties to submit the manifest for inward cargoes, they are Myanmar Five Star Line and Shipping Agency Department, so called “SAD” which operates under Myanmar Port Authority. So as afore mentioned two parties are only the organizations those who can issue Delivery Order to port and respective Consignee. No other offices of vessel operators or freight forwarders are allowed file manifest directly to customs house or right to issue delivery order to any port operators.

International Airports

There are several International Airports in Myanmar, and Yangon International Airport is still major gate way to Myanmar for most of regular Airliners.

What are news and more information?

Please contact us for update information.

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