Carriers invoke Force Majeure as ships begin to pile up off East and Gulf coasts
NewsContainer shipping companies, including CMA CGM, Ocean Network Express (ONE), and COSCO, are invoking force majeure due to the impacts of ongoing ILA strike.
Colombo concession in limbo
It looks as if the concession process for the Colombo Port East Container Terminal (CPECT) will be cancelled, with bids submitted by the seven parties interested in the deal likely to be disqualified. It follows a decision by the Sri Lankan Government’s Cabinet Committee on Economic Management to change the conditions of the concession, with a view to keeping the new terminal under port authority control.
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