Full Ahead

June 6, 2012 (LBO) – Vehicle transshipment from Sri Lanka is getting underway, with Asia’s second largest automaking group starting to use a new port in the south of the island, where up to four vessels are expected to call each month. On June 17, another Hyundai Glovis car carrier, ‘Asian Legend’ will come to Hambantota to pick up the cars.

The line as a 30-vessel fleet, serving North and South America, Europe, Asia, Oceania and Africa, and is a logistics unit of the Hyundai Kia group.

Sri Lanka’s state-run ports agency said better rates, fast turnaround and a dedicated terminal is offered to car carriers to transship from Hambantota.

Sri Lanka Ports Authority said vehicle transshipping from the island’s main port in Colombo had slacked off during the last three year due to congestion and some lines had also upped freight rates for car imports due to delays.

Two vessels operated by Hyundai Glovis Co Ltd, a unit of Korea’s Hyundai Kia group, Asia’s second largest car maker after Toyota and the fourth largest in the world, will berth at Sri Lanka’s Hambantota port in June, the lines agents Aitken Spence Shipping Ltd, said.

Several vessels are expected to call at the port each month, following the berthing of the