Damco sets up CFS in Myanmar

   Damco, a third-party logistics subsidiary of A.P. Moller-Maersk, has started operating its first warehouse and container freight station in Myanmar. 
   The 4,000-square-meter facility is located 15 kilometers from Yangon ports and major industrial sites in the country. 
   “After acquiring an operating license in 2013 and opening a new office in Yangon, we have strengthened our position in Myanmar by being the first international logistics company in the country to start offering own-operated CFS/warehousing services,” said Kiattichai Pitpreecha, managing director of the Thailand, Malaysia and Myanmar cluster, in a statement. 
   Since international sanctions were lifted in 2012, Damco said Myanmar has the potential to soon become a major sourcing country and consumer market for its customers.