DFC loans Colombo CT US$553M

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The Washington (DC)-based US International Development Finance Corporation (DFC) is lending US$553M to Colombo West International Terminal P...

CM Ports completes Hambantota deal

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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...

Colombo tops 6M TEU

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The Port of Colombo crossed the 6M TEU mark on 22 December, a 4.6% increase on container traffic in 2016....

Colombo concession in limbo

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It looks as if the concession process for the Colombo Port East Container Terminal (CPECT) will be cancelled, with bids submitted by the sev...

SLPA to buy cranes

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A crane tender is set to be issued by the Sri Lanka Ports Authority (SLPA) shortly. The SLPA has invested US$80M in the first 400m of a new ...

CTOS for CICT

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The new Colombo International Container Terminal (CICT) in Sri Lanka has opened with the in-house TOS developed by China Merchants Holdings ...

Sri Lanka’s shipping hub ambitions

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Sri Lanka is aiming to become an Asian shipping hub capable of competing with Singapore and Dubai by investing US$3.4B in the expanion of it...