Colombo collects award and states its case

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.

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

Sri Lanka’s President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa officiated at a ceremony to mark the start of work on Phase II of the East Container Terminal (ECT) at Colombo this month

Ahmedabad-based Adani Ports and Special Economic Zone (APSEZ) has, at last, gained a foothold in Sri Lanka and, at the same time, bolstered its international expansion programme in the container handling sector of its business.

The Sri Lanka Ports Authority (SLPA) and its various terminal operating companies are investing heavily to bring new container handling capacity on stream, and to improve the efficiency with which cargo is moved.

China Merchants Port Holdings has now handed over nearly US$1 billion for a 70% stake in Hambantota Port, one of the most expensive links in the Belt and Road initiative to date.