Feb 14, 2013

MOL gets business licence in Myanmar

The Directorate of Investment and Company Administration (DICA) has approved the permanent business license of Myanmar MOL Limited, a wholly-owned subsidiary of MOL Liner. MOL is one of the first companies in the shipping industry that has set up its wholly owned subsidiary, many more are expected to follow as Myanmar opens up to the world.

“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 Japanese line said in a release, while adding: “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.”

Source: SeaShip News