New RORO business to Sri Lanka’s Hambantota Port. - Opportunity Sri Lanka
New RORO business to Sri Lanka’s Hambantota Port.

New RORO business to Sri Lanka’s Hambantota Port.

The Morning: Hambantota International Port Group’s (HIPG) roll-on/roll-off (RORO) numbers, which are expected to increase rapidly this year, were endorsed by NYK vessel MV HERMES LEADER, which arrived at the port this week with new volumes. A total of 1,156 units, which came from India, will be transshipped to South Africa, Jordan, Sudan, and Tanzania.
“While NYK has transshipped vehicles from Hambantota International Port in the past, this latest consignment is from an entirely new segment of their RORO business. Hambantota International Port Group (HIPG) has been growing the RORO business gradually in the past five years by aggressively marketing its services and regular overseas visits to the shipping line principles to promote the port. It is becoming an attractive new destination for the transshipment of vehicles due to HIP delivering to meet the shipping line customers’ demand for high-quality, efficient, and reliable services. In order to meet the new demand, HIP is currently evaluating options to invest in additional storage yard areas”, said HIPG COO Tissa Wickramasinghe.
The main shipping lines operating to and from the HIP in the RORO business include Hyundai Glovis, K Line, MOL, NYK Line, Eastern Car Liner, Hoegh Autoliners and Gold Star Line. In the year 2022, HIP handled a total volume of 558,188 units through 249 vessel calls.

OSL take:

Sri Lanka’s geographical positioning in the Indian Ocean in close proximity to the international shipping routes and the many trade agreements as well as trade concessions enjoyed by the country have all helped the expansion of the country’s maritime industry. The post-Covid global business landscape has once again expanded Sri Lanka’s maritime business with new business/investment opportunities in the maritime industry. There are new opportunities in Sri Lanka’s ports, shipping and logistics sectors with local authorities also engaged in promoting development programmes aimed at uplifting the overall maritime industry. The increasing businesses in the country’s maritime industry and the expansions of operations recorded by key ports around the country are indicative of the growth and business potential of Sri Lanka’s maritime industry. Foreign businesses/investors could therefore explore the expanding opportunities in Sri Lanka’s maritime industry, especially in the ports, shipping and logistics sectors.

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Article Code : VBS/AT/13012023/X_1

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