Damco has been granted a permanent licence to operate under its own legal entity in Myanmar, which was opened to business last year in the wake of its reform process.
In May 2012, Damco participated as part of a larger fact-finding mission which involved consulting with NGOs, local companies, and diplomats. Subsequently, a resource centre was established within the British Council in Yangon.
Since then, a business development manager has been accompanying some of Damco’s most important customers to meet local trade associations, conduct market studies and look at both vendor sourcing and setting up container freight station and container yard operations on the ground.
It is now setting up its own office in Myanmar.