Myanmar port seeks new operator to tackle congestion
A Myanmar port is seeking a partner operator to come on board as majority shareholder and help tackle congestion and reduce dwell times by 30 to 40%.
That’s according to The Loadstar which reported that Myanmar Industrial Port (MIP) is reviewing bids from several large terminal operators.
“We’re working with Drewry who are helping us filter the bids over the next few months,” Chris O’Connor, chief financial officer, MIP, told The Loadstar.
He added that the search for a global operator is part of a wider strategy to modernise after two years’ of dramatic volume growth which he puts down to a national surge in throughput and the port’s expansion from 17 to 100 acres.
MIP has a joint strategy to modernise. It is implementing a Navis terminal operating system and enterprise resource planning (ERP) system to speed up handling rates.
It also intends to create additional capacity by adding 60 metres to the 750-metre quay enabling five small feeder ships to dock simultaneously.
MIP also has 30 acres of land adjacent to the facility ready to be developed with a new 200-400 metre quay.
The port experienced unprecedented congestion last year when an influx of China-bound sugar shipments played havoc with port operations.
Although since then the implementation of the Myanmar Automated Cargo Clearance System has helped to reduce waiting times for cargo, dwell times at MIP are still high at over ten days.
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