Drop It

Shipping experts said the Ports Authority should give up owning and managing terminals and let port operators and shipping lines do that business. Shipping experts said the Ports Authority should give up owning and managing terminals and let port operators and shipping lines do that business. S. Premachandra, a former Ports Authority employee says the government should consider the landlord concept and make money by owning the port and letting the private sector run the terminals.

Mr. Premachandra is now Ports & Terminal Manager, CMA CGM.

“If the Ports Authority or the government wishes to continue to be in control of the port owner and collect profit that would result in negative result,” he said speaking at a seminar recently.

“Core business of ports Authority is to develop the port and create opportunities and make revenue by opening port opportunities and not by being an operator,” he noted.

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