The Myanmar COSCO Limited of China, a subsidiary company of the China Ocean Shipping Companies (COSCO) Group, has been actively developing its market in Myanmar and achieved initial success.

The Myanmar COSCO Ltd was founded in October 1996. Not long after its establishment, due to the impact of the Asian financial crisis, many foreign companies investing in Myanmar pulled out one after another for poor business operation.

But the Myanmar COSCO Ltd did not give up and has tried hard to develop its business in the Myanmar market.

Since its founding, the company's container transport business has grown from the import of only a dozen containers per month in the initial period to the present average import and export quantity of about 350 containers per month.

Meanwhile, the transport business of bulk cargo has grown out of nothing, making it possible for four to five 10,000-ton vessels to call at the Yangon Port every month.

The Myanmar COSCO Ltd also undertakes trading business in addition to the traditional transport business operation of containers and bulk cargo.

Managing Director of the Myanmar COSCO Ltd Sun Liang told Xinhua that Myanmar and China are friendly neighbors and the friendly bilateral relationship is extremely conducive to the promotion of economic and trade ties between the two countries.

Sun said the Myanmar COSCO Ltd is also planning to invest and establish real estate in Myanmar. (Xinhua)