Yangon port suffers shortage of palm oil storage space

Due to a shortage of tanks for storing palm oil in the Yangon port, ships carrying palm oil have been forced to wait at the entrance of the port, according to an announcement released by the Myanma Port Authority.

“In the 2014-15 fiscal year, private companies imported 502,536 metric tonnes of palm oil on 111 vessels. In the 2015-16 fiscal year up to the end of February, about 520,408 metric tonnes of palm oil were imported by 17 vessels.

“There are five jetties in Yangon, including Myawady, Htoo, D/D, MEC and MIPL. The five jetties can store a total of 29,000 metric tonnes of palm oil. However, ships carrying palm oil are waiting at the entrance of the sea as the storage tanks are not sufficient,” said the port’s deputy manager Zaw Tun Lwin.


Source: Myanmar Eleven

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