Colombo in demand

With the recent delivery of STS cranes, the Eastern Container Terminal is halfway through its quay crane capacity buildup.

Many liners avoid Middle Eastern ports East of Suez and opt for the Cape of Good Hope route to unload or load Middle Eastern cargo in Sri Lanka.

The Sri Lanka Ports Authority (SLPA) is to take delivery of cargo handling equipment worth more than US$282M in the next few months.

PSA International Pte Ltd (PSAI) handled 94.8M TEU in 2023, up 4.3% on the previous year and a record performance for the group.

The Washington (DC)-based US International Development Finance Corporation (DFC) is lending US$553M to Colombo West International Terminal Private Limited (CWITPL), the developers of a new deepsea container terminal in the port of Colombo, Sri Lanka.

PSA International Pte Ltd (PSA), headquartered in Singapore, has signed agreements to acquire a 22 percent minority stake in Duisburg Gateway Terminal GmbH (DGT). The transaction is subject to the approval of Germany’s competition and supervisory authorities