SLPA pushes back against Indian competition concerns
NewsThe Sri Lanka Ports Authority (SLPA) has dismissed recent reports suggesting a decline in transhipment volumes at the Port of Colombo was due to a rise of competing Indian ports.
SAGT in rate row
After losing around 230,000 TEUto P&O Ports’ South Asia Gateway Terminal (SAGT) last year, the Sri Lanka Ports Authority (SLPA) is using rate cuts to lure lines back to the state-owned Jaya Container Terminal (JCT) at Colombo.
It is understood that the SAGTconcession provides for a common price and rebate scheme for a period of five years, which does not expire until next year. Under this agreement the SLPA is required to consult with SAGT and give 97 days notice of any change in rebates or base rates at JCT.
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This complete item is approximately 315 words in length, and appeared in the March 2003 issue of WorldCargo News, on page 11. To access this issue download the PDF here.
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