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NEW UPDATES Asean Affairs   15  December  2015  

Big shipbuilding deal underway

Myanmar Shipyards has announced it will build 30 merchant vessels in a $175 million deal that will be completed in 2017.

The shipyard, a state-owed enterprise, and a Vietnam company, Dong A Shipbuilding Industry, began work last month, Myanmar Shipyards director U Maung Maung Aung told the media.

An agreement between the Ministry of Transport and Dong A Shipbuilding Industry was signed in January 2015.

The joint venture is aimed at attracting more foreign orders for vessels build in Myanmar, officials said.

The new company will be capable of building vessels of up 22,000 deadweight tones (dwt) and repair vessels of up to 30,000 dwt as well as conduct other ship building-related enterprises.

Union Minister for Transport U Nyan Tun Aung said Myanmar Shipyards has been mainly repairing and building vessels for 45 years.

“It needs capital, technology and markets to enlarge the enterprise, which is why we invited foreign investment,” he said.

“We believe that this enterprise will provide technical support to develop the country and the economy,” said U Nyan Tun Aung.

A new dockyard capable of handling modern, larger vessels, as well as upgrades to existing shipyards, and human resources improvements are included in the deal.

The government will provide land, shipbuilding facilities, machines, equipment and materials under the agreement.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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