Money - International
Taiwan shipping giant Evergreen stops using Myanmar junta linked port
Suez Canal Authority handout picture shows the Panama-flagged MV Ever Given (operated by Taiwan-based Evergreen Marine) being lodged sideways and impeding all traffic across the waterway of Egyptu00e2u20acu2122s Suez Canal, March 24, 2021. u00e2u20acu201d AFP pic

YANGON, Feb 10 — Taiwan shipping giant Evergreen Marine said today it would no longer send its ships to dock at a military-owned port terminal in Myanmar, as a growing number of companies cut ties with junta-linked businesses.

The South-east Asian country has been in turmoil since the coup in February 2021, with more than 1,500 dead in a military crackdown on dissent according to a local monitoring group.

With the economy tanking and pressure mounting from rights groups, companies from France’s TotalEnergies to British American Tobacco and Norway’s Telenor have upped sticks or are trying to leave.

Evergreen’s ships had "occasionally” docked at the military-owned Hteedan Port Terminal in Yangon, the firm said today, adding the arrangements had been made by a local partner contracted to service its vessels.

It had since asked its partner to cancel that arrangement and had "received a confirmation... that with effect immediately Evergreen will no longer use Hteedan Port Terminal”.

The statement did not say when or why Evergreen had made the request or if it would still send vessels to other ports on the country.

The military has vested interests in large swathes of Myanmar’s economy, from mining to banking, oil and tourism.

Junta-linked companies run three ports in commercial hub Yangon according to Burma Campaign UK. 

In 2020 global shipping giant Maersk announce it would stop using military-owned ports after a campaign against companies doing business with the military.

That campaign was sparked by a brutal crackdown on the country’s Rohingya Muslim minority in 2017 that particularly shocked the world and led to genocide charges at the UN’s top court. — AFP

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