Work on Colombo box terminal to begin soon

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 strategy is prefigured by the recent establishment of a dedicated terminals division in Rotterdam

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.

APM Terminals was able partly to bridge its loss of revenue per move in Q1 2023 by lowering its costs and increasing tariffs.