Thursday, 14 February 2013 15:46 Mizzima News
Shipping giant Mitsui O.S.K. Lines (MOL) became the latest Japanese multinational to announce a presence in Myanmar when it confirmed on February 14 that the Directorate of Investment and Company Administration (DICA) had approved its application for a business license on February 14.
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| MOL's the Brasil Maru, the largest iron ore carrier in the world. (Photo: mol.co.jp) |
Launched under the name Myanmar MOL Limited, Mitsui is one of the first companies in the shipping industry that has set up its wholly owned subsidiary, it said.
“With over 100 years of MOL presence and continuous commitment in Myanmar, MOL has launched a direct feeder service linking Singapore and Yangon since March 2012. The service provides a scheduled sailing to our customers in Myanmar with assured transit time and connections to our global network over Singapore,” the firm said on its website on February 14.
“The establishment of our wholly-owned subsidiary in Myanmar is another indication of our continued commitment to the Myanmar market bringing us closer to our customers,” it said.
MOL said it will continue to work with its current agent in Myanmar, Ever Flow River Forwarding, to “explore various opportunities in Myanmar, so as to mirror and extend our global service standards.”
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