Java Marine enters Myanmar

Java Marine enters Myanmar

RANGOON (DPA): Myanmar Shipyards and Java Marine Lines Pte have signed a contract to build an 8-million-Singapore-dollar (US$5.3-million), 56-metre-long ship to be used for offshore drilling, news reports said Thursday.

The contract was signed in Rangoon on Wednesday between Myanmar Shipyards managing director Percy Maung Maung and Java Marine Lines managing director Pang Yoke Min, the New Light of Myanmar newspaper, a government-run daily, said.

Java Marines Lines expects to sign two more ship-building contracts with the Myanmarese shipyard within the next 13-15 months, said Pang, adding that a contract to build a 640-ton landing craft was also signed on May 25.

Altogether the Indonesian firm has won ship-building contracts worth 50 million Singaporean dollars, he said.