December 24, 2016

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Historic Dala dockyard eyes corporatisation

A ship under construction at the Dagon Seikkan Shipyard.
A ship under construction at the Dagon Seikkan Shipyard.

THE dockyard in Dala Township, Yangon, urgently needs to invite private investment through a joint-venture system in order to upgrade its capacity, which currently accounts for about 50 per cent of repair work on ships owned by the Inland Water Transport.
“To upgrade the dockyard, we need investment and modern technology,” said U Soe Myint, the deputy general manager of the Engineering Department of the Inland Water Transport, to The Global New Light of Myanmar.
“We need to upgrade it to change its current trend of mainly repairing old ships to a new trend of building new ships,” he added.
The historic shipyard has the capacity to repair 50 to 60 ships and several other major repair projects on average every year.
The efficiency of the historic dockyard, which is about 150 years old, is hampered by old equipment, including some from the WWII-era.
Meanwhile, the Dagon Seikkan Shipyard, also state-owned, was built with an investment of more than K11.9 billion (US$9.2 million) in 2013 by the Ministry of Transport.
The newly-built shipyard has the capacity to repair 24 ships owned by the Inland Water Transport under the Ministry of Transport and to carry out major repair work to 46 ships on average per year, with target earnings of about K900 million ($695,500) for the 2015-2016 fiscal year.
The Pyidaungsu Hluttaw enacted the Inland Water Transport Board Law in 2014 in order to corporatise the Inland Water Transport.

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