Sri Lankan maritime businesses showcase Sri Lankan maritime sector at ‘Posidonia 2022’. - Opportunity Sri Lanka
Sri Lankan maritime businesses showcase Sri Lankan maritime sector at ‘Posidonia 2022’.

Sri Lankan maritime businesses showcase Sri Lankan maritime sector at ‘Posidonia 2022’.

The Morning: One of Sri Lanka’s shipbuilding and ship repair facilities, Colombo Dockyard PLC, teamed up with Master Divers (Pvt.) Ltd., experts in all types of diving services in and outside ports, and Prudential Shipping, who offers ship agency/husbandry services to all ships calling at the ports of Sri Lanka, participated in the international maritime exhibition “Posidonia 2022” from 6 to 10 June, at the Metropolitan Expo Centre, Athens, Greece. These three companies constituted the Sri Lankan pavilion which was a first for Sri Lanka at a shipping-related exhibition.
Colombo Dockyard has been a regular participant at the Posidonia platform over the past three decades flying the Sri Lankan flag and promoting Colombo as a competitive ship repair and building centre in the South Asian region. The Greek maritime community represents a huge market for shipyards around the world, with Greek ship owners having the world’s biggest tonnage. This naturally makes them one of the biggest spenders on building, dry-docking, maintenance, and ancillary services.
Master Divers also have been participating in Posidonia regularly and making use of it to meet up with their regular clients in Greece. By offering all types of diving services in the ports of Colombo, Galle, Hambantota, and Trincomalee, and at their anchorages together with ship maintenance activities, marine engineering, harbour contracts, servicing, heavy engineering, etc., the Greek market is one of the prime markets for Master Divers.
Prudential Shipping, with its associate companies Premium Trading and Logistics and Helanka Vacations, offers a vast variety of services related to total ship agency services, customs clearing, and forwarding, offshore logistics, supply and delivery of provision, and ships stores/spares, logistics to maritime security, emergency evacuation of sick crew, ship broking, flight schedules, freight forwarding, trading, tourism, and many more.
The three organisations, serving the maritime industry for decades, synergised their expertise offering total solutions to ships arriving or passing by Sri Lankan waters. This mega event has been a platform to connect with various stakeholders in the global shipping fraternity namely ship owning and management companies, shipyards, specialised service providers, ship agencies, original equipment manufacturers (OEMs), classification societies, flag states, shipbrokers, etc. and a very good opportunity to promote integrated services that Sri Lankan companies can offer.
With Sri Lanka’s strategic geographical location, the advantage of being close to main marine trading routes, and being a hub of sea and air transportation, many European clients were seriously looking at Colombo as a potential servicing, maintenance, routine-specialised emergency ship repair service and also building state-of-the-art vessels for Europe.
Minimum diversion to the main marine trading routes, extended repair assistance (both afloat and underwater), and all ancillary services in all ports and anchorage, quality, flexibility, speed, and competitive rates were some of the factors highlighted to the potential clients during this international shipping event. This event was also utilised to educate industry players about the current economic situation of Sri Lanka and the priority status extended to port-related industries to operate smoothly.
“Posidonia 2022” was a great platform for many stakeholders in the global maritime community with over 1,964 exhibiting companies from 88 countries, and some 29,000 visitors from 103 countries. The Sri Lankan pavilion was graced by Premalal Jayasundera of the Sri Lanka Consul in Athens. Overall, it was an event of over 40,000 participants, including exhibitors, visitors, and the press. This year’s expo has been considered an overwhelming success, as the exhibition assembled the global maritime industry after a long break of four years, due to the pandemic.
“Posidonia 2022” was a forum with the receptiveness of the industry towards the unique services provided, as one of the strategic marine hubs on the maritime map.

OSL take:

Sri Lanka’s maritime industry is a fast growing sector given the country’s strategic geographical positioning in the Indian Ocean region. The growth in the industry has resulted in the expansion of business/investment opportunities in Sri Lanka’s maritime industry, especially in the port, shipping and logistics sectors. Foreign businesses/investors could explore the growing opportunities in the country’s maritime industry while also looking at opportunities on the development side, especially in the development of supplementary infrastructure facilities. Also, given the growth and business potential in Sri Lanka’s maritime industry, foreign businesses/investors could also look at forming partnerships or joint ventures with local businesses in the maritime sector for further expansion.

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Article Code : VBS/AT/23092022/X_3

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