China Merchants set for Colombo project…

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.

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.

Ranked as the most efficient port in South Asia in 2021, the Port of Colombo in Sri Lanka maintains it is still operating at a high level despite Sri Lanka’s economic crisis.

Despite the crisis unfolding in Sri Lanka executives at the Port of Colombo says its facilities are operating normally.