Category: Shipping and Transport
‘s First State Visit to China
During President Anura Kumara Disanayake’s four-day state visit to China, Sri Lanka marked a significant milestone by securing the largest foreign direct investment to date, the President’s Media Division said. This achievement was formalized this morning (16) with the signing of an agreement between Sri Lanka’s Ministry of Energy and Sinopec, a leading Chinese international […]
Port City Colombo Celebrates Groundbreaking Of Luxury Marina Development
Port City Colombo celebrated the groundbreaking of the Marina Development at Port City Colombo with a special ceremony held on 10th January 2025. The occasion was graced by Chief Guest, Hon. Vijitha Herath, Minister of Foreign Affairs, Foreign Employment & Tourism. Also present at the event were H.E. Qi Zhenhong, Ambassador, Embassy of the People’s […]
Hambantota International Port Hits 22-pct Growth in 2024, Bolsters Infrastructure for Future Expansion
Hambantota International Port (HIP) achieved an impressive growth rate of 22% in 2024, matching its performance from the previous year. With its sights set on even higher numbers in 2025, the port is implementing upgrades to its infrastructure, including the introduction of gantry and yard cranes in the container yard. These enhancements are part of […]
SLPA Achieves Record-Breaking Container Throughput in 2024 Despite Competition
In 2024, the Sri Lanka Ports Authority (SLPA) terminals achieved a record-breaking throughput of 2.41 million TEUs amidst intense competition. SLPA alone contributed 2,413,012 TEUs, underscoring its crucial role in the port’s performance despite ongoing construction at both terminals. The Port of Colombo, in conjunction with other terminals, also reached a historic milestone with a […]
HIP container handling aims to capture the Relay market
As Hambantota International Port (HIP) gears up to enhance its container operations with the introduction of advanced crane technology in early February 2025, Wilson Qu, CEO of Hambantota International Port Group (HIPG), emphasized the port’s commitment to exploring untapped markets to expand its portfolio. This strategic initiative aims to significantly boost container volumes and solidify […]
HIP Witnesses Shift in Cruise Ship Origins with European Vessels Leading as Indian Arrivals Decline in 2024
Hambantota International Port (HIP) saw a modest increase in cruise ship arrivals in 2024, with a notable shift in the origins of the vessels. There was a decline in ships from the Indian subcontinent, while arrivals from Europe rose significantly. Of the 23 cruise ships that docked at HIP, only six were from India, while […]
USD 25 Mn Project at Hambantota International Port’s Industrial Park
Following Hambantota Port Group’s (HIPG) recent investment in upgrading crane facilities to expand container operations at the Hambantota International Port (HIP), Comfort Mattress Lanka (Pvt) Ltd. has become the first investor to seize the opportunity to set up operations in the port’s industrial park. With an investment of USD 25 million, the project targets key […]
Members Appointed to the Port City Economic Commission
President Anura Kumara Dissanayake has officially appointed members to the Port City Economic Commission. The official letters of appointment were handed over to the members by the Secretary to the President Dr. Nandika Sanath Kumanayake at the Presidential Secretariat today (13). Accordingly Harsha Amarasekera, President’s Counsel, has been appointed as the Chairman of […]
CEAT acquires CAMSO brand Off-Highway Tyres & Tracks business from Michelin in Sri Lanka
CEAT, an RPG company and Michelin, the global leader in tyres, announced today that they have entered into a definitive agreement for CEAT to acquire Camso brand’s Off-Highway construction equipment bias tyre and tracks business from Michelin in an all-cash deal valued at about $225 Mn (SLR 65 Bn). The transaction will include the business […]
Hambantota Port Rejuvenates Container Operations with USD 41 Mn Crane Upgrade
The Hambantota International Port Group (HIPG) announced a significant investment of US dollars 41 million in state-of-the-art crane technology, set to be fully operational by January 2025. This enhancement includes the installation of four Quay Cranes (QC) and thirteen rubber-tyred gantry Cranes (RTGs) at the Hambantota International Port (HIP), expanding the port’s capabilities to a […]
Port City Colombo Offers A Variety Of Lifestyle, Leisure, And Entertainment Experiences
Port City Colombo, a visionary multi-service Special Economic Zone and master-planned city, invites the local community to partake in an assortment of engaging excursions that range from luxury shopping to serene strolls by the waterfront. With a series of experiences that provide something for everyone, Port City Colombo further encourages local guests to spend more […]
Foreign Investors Explore Opportunities at Trincomalee and Hambantota Ports
As part of the Voyage Sri Lanka 2024 initiative, a group of 20 potential foreign investors from countries including India, Saudi Arabia, Maldives, France, Japan, Thailand, the United States, and Cambodia visited the Trincomalee and Hambantota ports on November 24th and 25th. The visits aimed to showcase Sri Lanka’s potential as a hub for maritime […]