Norway-based shipping company Wallenius Wilhelmsen Logistics (WWL) is to open up in Myanmar with a joint venture to import automobiles from Japan, the firm said.
WWL is forming a joint venture with Myanmar’s Carrier King Logistics targeting growing demand for new automobiles that has taken off since international sanctions were lifted.
“Myanmar traditionally had a very limited automobile market, and still today the majority of cars sold in Myanmar are second-hand vehicles imported from Japan,” said Trond Tonjum, head of WWL Southeast Asia.
“They arrive at the ports and are then ‘jockey driven’ by individual drivers from the ports to wherever they are sold – or owners or dealers come to the port themselves to pick up the vehicles.
“As new cars are starting to enter the country, a professional and safe transport solution is clearly needed.”
The joint venture will provide new car-carrying trucks and trailers for transportation from port to dealerships.
WWL is one of the world’s largest companies in the transporting of rolling equipment; automobiles, heavy machinery, yachts, trains and power stations. With revenues over $2.3 billion it has 3,300 employees worldwide.
