Tokyo, 14 February, 2013 – Directorate of Investment and Company Administration (DICA) has approved the Permanent Business License of ‘Myanmar MOL Limited.’, a wholly-owned subsidiary of MOL Liner Ltd. on 4th February. MOL is one of the first companies in the Shipping industry that has set up its wholly owned subsidiary.
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 service provides a scheduled sailing to our customers in Myanmar with assured transit time and connections to our global network over Singapore.
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.
Below is the profile of Myanmar MOL Limited.
|Name||Myanmar MOL Limited.|
|Date of approval||February 4th, 2013|
|Capital||USD 50, 000|
|Shareholders||MOL Liner Ltd.|
|Representative||Mr. Joe Kam (Representative of MOL (Asia) Ltd.)|
We will continue to work with our current agent in Myanmar (Ever Flow River Forwarding) to explore various opportunities in Myanmar, so as to mirror & extend our global service standards.