Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

Indian Bypass

June 28, 2007 (AFP) - Sri Lankan exporters are being squeezed as fewer container ships heading west call into Colombo, with global shipping lines moving more business to India and its booming economy. Both projects have been delayed for over a decade because of poor government policy and analysts fear that further delays could see Colombo lose its hub status. Shipping costs have soared nearly 600 dollars for a standard 20-foot container (TEU) over the past six months as a result, compounding problems for Sri Lankan exporters who compete on price, innovation and time with their large northern neighbour.
buy azithromycin online buy azithromycin online no prescription

"Some of the bigger shipping lines have changed their schedules over the past six months and the crisis is affecting exports of garments, tea, rubber and coir (coconut fibre)," said Sri Lanka Shipper's Council chairman Jayanath Perera.

Clothing, which accounts for more than half of the island's near seven billion dollar export trade, is especially feeling the heat as exporters face tight deadlines from buyers such as Victoria's Secret, Gap, Nike and Marks and Spencer.

"The next alternative is to airlift shipments but that costs 75 percent more than sea freight.
buy grifulvin online buy grifulvin online no prescription
Air freight is not an option

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x