History
The modern era of the Port of Yangon began in 1880 with the Commissioners for the Port of Rangoon. In 1954, the Board of Management for the Port of Rangoon was established, and then in 1972 the Burma Ports Corporation. The MPA was founded in 1989 to replace the Burma Ports Corporation. In March 2011, MPA began collaborating with a Chinese firm, CCCC TDC Tianjin Dredging, to begin dredging the Port of Yangon, to increase the size of vessels that can dock at the port (to 35,000 tons deadweight, up from the current capacity of 15,000).
MPA has been involved in contracts to develop Myanmar's Special Economic Zones, including a USD $8.6 billion deal to develop a deep sea port at Dawei, by Italian-Thai Development.
There have been reports that ports run by the MPA will be privatised. The country's largest port, Thilawa Port, is currently operated by a Hong Kong-based firm, while another in Ahlone Township is run by Asia World.
On 17 March 2012, Japanese firm MOL, began a twice-weekly container service between the Port of Yangon and Singapore.
Read more about this topic: Myanmar Port Authority
Famous quotes containing the word history:
“Certainly there is not the fight recorded in Concord history, at least, if in the history of America, that will bear a moment’s comparison with this, whether for the numbers engaged in it, or for the patriotism and heroism displayed.”
—Henry David Thoreau (1817–1862)
“Anyone who is practically acquainted with scientific work is aware that those who refuse to go beyond fact rarely get as far as fact; and anyone who has studied the history of science knows that almost every great step therein has been made by the “anticipation of Nature.””
—Thomas Henry Huxley (1825–95)
“Indeed, the Englishman’s history of New England commences only when it ceases to be New France.”
—Henry David Thoreau (1817–1862)