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.
February 19, 2015
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