Korean based shipping line expands services to Sri Lanka - Opportunity Sri Lanka
Korean based shipping line expands services to Sri Lanka

Korean based shipping line expands services to Sri Lanka

Heung A Line headquartered in South Korea is to reportedly launch their maiden service (SIS/CI6) into Sri Lanka with their first vessel call in to the Colombo Port at the CICT with MV BALTIC SOUTH v. 2001W. The service is jointly operated by Heung A Line in partnership with Sinokor Line, Wan Hai Line, Feedertech and Intra Asia Line, Daily News Business has reported.
The Heung A Line is locally represented by Sharaf Shipping Agency (Pvt) Ltd.
According to reports, the SIS /CI6 service is to be a weekly call at CICT deploying 6×4200 TEU vessels directly connecting China to Sri Lanka and India.
The port rotation of SIS/ CI6 service will be Dallian, Shanghai, Ningbo, Hong Kong, Shekou, Singapore, Port Kelang, Colombo, Nhavasheva, Mundra, Port Kelang and back to China, the news report stated.
New SIS/ CI6 service will provide “Heung A Line” to offer direct connection between China – Sri Lanka and India and enable them to make their presence available in this region, the news report further stated.
The commencement of the new service of “Heung A Line” with their partners is welcome by the trade especially during the current environment where vessel space and equipment constraints are very much happening in particular of the China -Sri Lanka trade.

OSL take:
Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country have made it a business hub in the South Asian region. It has also helped the growth of the country’s ports, shipping and maritime sectors. The growth and development recorded by the country’s ports, shipping and maritime sectors have further expanded business/investment opportunities in these sectors. These sectors would definitely yield positive results to the businesses/investors who explore opportunities.

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Article Code : VBS/AT/23122020/Z_2

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