The US government has decided to invest US$553 million in building a new deep-water container terminal in Sri Lanka’s Port of Colombo.
The US International Development Finance Corporation (DFC), America’s development finance institution, will provide the financial support for the development of the West Container Terminal.
DFC CEO, Scott Nathan said the new terminal will expand the container capacity of the major Sri Lankan port, “creating greater prosperity for Sri Lanka, without adding to...
The U.S. International Development Finance Corporation (DFC) has committed more than half a billion dollars to support the development of a deepwater shipping container terminal in the Port of Colombo, Sri Lanka.
The post DFC commits half a billion dollars for Port of Colombo’s infrastructure...
The US government, through the International Development Finance Corporation (DFC), has committed more than US$553 million to support the development of a deepwater shipping container terminal in the Port of Colombo in Sri Lanka. The financing in the form of private sector loans is being provided...
The Sri Lankan government will spend around US$132 million on port development projects, as stated by the minister of ports, shipping, and aviation Nimal Siripala de Silva.
According to the minister, these investments would be made through revenue generated from port operations.
During an event in Colombo, the capital city of Sri Lanka, Nimal Siripala de Silva said the government has allocated over US$100 million for the Eastern Container Terminal and US$32 million for the Jaya Container Terminal.
https://container-news.com/sri-lankan-government-invests-us132-million-on-port-development/
MSC America, the first container vessel under the business promotion programme to bring new services to the Port of Colombo (POC), arrived on 7 February at the East Container Terminal (ECT) of the major port in Sri Lanka.
MSC America will operate a weekly call to Colombo based on the POC’s renowned repute as a transshipment hub.
The ship brought 1,500 TEUs to Colombo on its first stop on 7 February and is planned to carry 200 TEUs weekly.
The vessel, which is 334 meters in length and has a draft...
https://container-news.com/msc-america-first-vessel-under-port-promotion-programme-calls-colombo/
South Asia Gateway Terminals (SAGT), Sri Lanka’s first Public Private Partnership Container Terminal, has announced new port equipment, including 30 new prime movers and terminal trailers, to assist the Port of Colombo operations.
SAGT aims to enhance the service integrity of its Inter-Terminal Transfers (ITT) in support of the port’s hub aspirations.
“The introduction of a fleet of ITT trucks is timely and an investment for the future as SAGT expands its scope of services and ensures sustained...
Construction began on a new container terminal at the Port of Colombo in Sri Lanka on Wednesday, November 9. The future Colombo West International Terminal (CWIT) is bein ..
The post Construction begins on new container terminal at Colombo Port, Sri Lanka appeared first on Baird Maritime.
After a brief gap that has seen some signs of freight rate softening and corrections, container lines actively operating on India-US trades are looking to capitalise on expected peak season cargo movements.
Mediterranean Shipping Co. (MSC) seems to lead that rate push. The Geneva-based liner, which has three weekly connections out of West India for the US East Coast, has significantly jacked up peak season surcharges it had earlier planned to apply from 4 July.
The PSS levy has been increased to...
https://container-news.com/major-box-carriers-to-raise-peak-season-levy-for-india-us-trades/
Six seafarers stuck at one of the ports in Colombo stated that they weren’t paid daily wages for nearly three years by their Mumbai-based employer firm. The sailors have tried approaching a local Sri Lankan court about the issue as they have been stranded in the country since 2019.
The seafarers informed mid-day that the condition of the Indian flag cargo vessel on which they work is dangerous, and there are multiple holes on MV Sai Arambh. It was corroded as the owners ignored maintenance. They...
https://www.marineinsight.com/shipping-news/indian-seafarers-stranded-in-colombo-for-three-years/
The Port of Colombo attained a handsome growth in handling transshipment containers in March although Sri Lanka’s major port saw severe congestion while the country has been passing through a tough economic crisis.
Data show that the port achieved a modest 5.2% growth year-on-year in March by handling 522,178 TEU of transshipment containers, reaching total handling this year to 1.49 million TEU.
The port’s overall handling, which consists of both transshipment and Sri Lankan export and import...