Myanmar Struggles to Clear Port Bottleneck

[stander]

Myanmar's new government has been grappling with its first economic management crisis, as a weeks-long traffic jam of cargo ships at the country's biggest port threatens to scare potential investors away and choke off nascent economic growth.

The bottleneck at the dilapidated port was caused by a spike in demand for goods as the opening up of the economy accelerates following a historic election win by Aung San Suu Kyi's National League for Democracy (NLD) in November.

"Because of the general growth of the economy we are packed. The ships have nowhere to go," said Ma Cherry Trivedi, managing director of Ayuroma International, an advisor to Myanmar Industrial Port (MIP), where congestion has been worst.

http://maritime-executive.com/article/myanmar-struggles-to-clear-port-bottleneck