Yangon, September 7, 2019- International Bulk Terminal (Thilawa) Co., Ltd. (IBTT) which is a port focusing on the handling of the bulk cargoes (grain, feed, Agri inputs, construction materials and other any possible bulk cargoes) in Thilawa port area, plot 30/31(A), held its grand opening ceremony at Melia Yangon Hotel, and was attended by government officials, ambassadors, guests, and Senior Management team from the shares holding companies.
IBTT situated at Plot 30 and 31(A), is further downstream from the Thilawa Special Economic Zone. It has a jetty 230 meters in length, 25 meters in width, with a 11-meter draft, which has a designed capacity to accommodate vessels up to 200 meters LOA and 60,000 DWT (Dead Weight Tonnage). For storage, IBTT boasts a silo capacity of total 40,000 Metric Ton, and a 5,400 square meter warehouse (which roughly equates to about 20,000 Metric Ton for feed material, Soya Bean Meal). Behind IBTT, there is 42 acres of the land in the same plot which has ability to expand more in the future as the demand for bulk trading increases.
IBTT is a joint venture between Lluvia Limited (joint venture with Mitsubishi Corporation and Capital Diamond Star Group – CDSG), Kamigumi Co.,Ltd and JOIN Corporation, and provides services for cargo handling such as stevedoring, loading, discharging, storage, bagging, and fumigation for the handling cargoes. Moreover, IBTT will aim to serve the Development of Myanmar’s food industry by providing 24/7 services to our customers.
IBTT, which has started operation in May this year, has already completed the discharging of three wheat flour vessels of 20,000~25,000 Metric Ton, with total volume of 70,000 Metric Ton. The discharge of each of these vessels completed within less than 5 days of operation. IBTT is planning to handle more varieties of bulk cargoes with efficient and higher quality services, to contribute toward Myanmar’s economic growth.
Bernd Walther, Managing Director of IBTT, said, “The opening ceremony of IBTT today marks our first step towards the long-term cooperation with Lluvia Limited, Kamigumi Co., Ltd and JOIN Corporation in Myanmar. In future, we will strive to develop the port business and at the same time, provide the necessary services for the growth of Myanmar’s Economy.”
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