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Issue #587

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Project Cargo / Heavy Lift Bi-Annial

South Carolina Ports

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2014 Media Kit
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Military-owned shipping line to buy 3 vessels

By: | at 11:02 PM | Channel(s): Liner Shipping  

The military owned Myanma Five-Star Shipping Line, the lone oceangoing shipping line in Myanmar, will buy three more vessels this year to add to their 22-ship fleet, the 7Day Daily reported, quoting a senior official of the shipping line.

Established in 1959, Myanma Five-Star Shipping Line was transferred to Myanma Economic Holding Ltd under the defence ministry in a sweeping privatisation scheme in 2010, the report said.——

NOTE: Reuters has not verified this story and does not vouch for its accuracy.