Damco Starts Up Warehouse, CFS Operation in Myanmar
By: Damco July 24, 2014
Damco, a third-party logistics provider, has begun operating a standard warehouse and container freight station in Myanmar.
Covering 4,000 square meters, the facility is compliant with the Customs-Trade Partnership Against Terrorism (C-TPAT) initiative. Located within 15 kilometers from Yangon ports and major industrial locations, the site handles imports and exports of fast-moving consumer goods, consumer electronics, apparel, components, machinery and project cargo. Damco claims to be the first global logistics company in Myanmar, having acquired an operating license in 2013 and opened a new office in Yangon. Damco has some 11,000 employees at more than 300 offices around the world, with a global presence in about 100 countries. It is part of the Maersk Group.