`Colombo, best port in the region`

  • 7 Jan 2010 08:12:59 GMT

    [Colombo, best port in the region]

    Oi!! Lee Kwan Yu!! Hooooo! Hooooo!!

    Apey Mahinda Chintanayata Jayaweva... Sri Lankawa dan Singapooruwatath wada diyunui!!

  • 7 Jan 2010 10:25:21 GMT

    [Sri Lanka Port Authority (SLPA) Managing Director Capt. Nihal Keppetipola said]

    it would be nice if this is true and was supported by actual figures :(

    seems like everybody is jumping in on the election propaganda work

  • 7 Jan 2010 11:51:52 GMT

    Looks like the best port in the Asia-Pac region is Kiora`s backside (situated in his mouth, figuratively speaking).

  • 8 Jan 2010 04:48:26 GMT

    War risk surcharge:

    Lanka seeks de-listing

    Lloyds team to visit country next month:

    Sri Lanka needs a strategic marketing arm to brand and to build and consolidate Lanka`s country`s position in the global scenario. The Colombo Port is the best Port in South Asia.

    The Shipping and port sector is looking at a bright future beyond 2010, Asian Shippers Council Secretary General Rohan Masakorala told Daily News Business.

    Sri Lanka is anticipating a de-listing from the war risk surcharges with the expected visit by the Lloyds inspection team in February.

    The Sri Lankan delegation that visited London recently invited the Lloyds team to look at the ground situation to conduct an assessment. The decision will be known by March, he said.

    This will be a positive development for the local shipping industry and for the tourism sector. It will create a better environment for investors and travellers and will provide a growth momentum, he said.

    The global shipping industry performance for the last year was not up to the mark due to economic downturn. There was a downfall in trade volumes in the whole of Asia and the rest of the world. Sri Lanka s shipping industry too recorded a downfall in trade volumes last year. However, this is not an alarming situation as it was the global trend, he said.

  • 8 Jan 2010 04:50:21 GMT

    Therefore, the shipping industry will have a lot of challenges this year and an immediate upward trend could not be expected. The reforms introduced by the Sri Lanka Ports Authority will facilitate industry growth as steps to purchase equipment and measures to improve productivity will augment the shipping industry, he said.

    The opening of the Northern Entrance is a boost to the industry and would ease the congestion at the Port which would be attractive for the vessels. The turnaround time for ships will be less. The bunkering service was improved after liberalization and this will result in an increase in the number of ships calling Colombo Port, he said. With the development at the Colombo South Harbour, the capacity will increase and it will encourage more ships to the port. The decision to construct Hambantota Port is timely and will facilitate bulk, general and cargo carriers.

    The country should focus on other services related to shipping such as ship services, repairs and storage facilities to attract more business, Masakorala said.

    It is important to train skills necessary and have a proper pricing mechanism. We need to be competitive and should not be complacent. A fast delivery system and quick decision-making process would enhance the efficiency and the taxes must be on par with Singapore and Dubai ports. We need an attitude change and become service and profit oriented, he said.

    The modernization of the system and introducing paperless commerce will increase competitiveness. However, it is necessary to change the mindset on working and contributing to the national economy for the country s overall progress, Masakorala said.

  • 9 Jan 2010 00:32:19 GMT

    Other ports in the country should be functional as well

  • 10 Jan 2010 17:51:28 GMT

    Geographic location of colombo habour provides us to attract more ships and sea going vessels. There are much more opportunities to improve this habour and get more money to the country. At present the Port Authority is over staffed and they need to be use productively.

  • 11 Jan 2010 04:16:07 GMT

    Vallarpadam Port to attract large vessels

    The Indian Port of Vallarpadam will pose a serious threat to the Colombo Port which faces a severe capacity crunch -

    Dr. Parakrama Dissanayake Chairman/CEO - Aitken Spence Maritime and Cargo.

    He was speaking on the Global financial crisis and its implications on ports and shipping delivering the eighth P. B. Karandawela memorial lecture in Colombo recently.

    He said the Vallarpadam Port will be launched by April or May this year which would attract large vessels bringing revenue to the Indian Port sector.

    The delay in completing the Colombo South Harbour Expansion Project has brought serious repercussions on the shipping industry and also to retain the hub status in the region , he said. The port expansion was to complete by 2005 but due to various reasons it was delayed and as a result the shipping industry lost heavily , Dr. Dissanayake said.

    The existing port and berth will not be able to accommodate next generation vessels. Ships with a capacity of over 12,600 TEUs will not be able to call on the Port of Colombo due to draft restrictions.

    The completion of the Colombo South terminal will take a minimum of three years and shipping lines will continue to make losses , he said.

    The proposed Colombo South Harbour will be located west of the present south west Breakwater in an area approximately 600 hectares. The proposed harbour will have four terminals each with 1,200m in length to accommodate deeper draft vessels.

    The global shipping industry is facing the worst crisis ever as the economic recovery is not expected to take place before 2011. All shipping sectors have been hit badly by the recession and loss making will be inevitable.

    Global shipping lost over US$ 11 billion during the first nine months of last year. The container shipping line market declined by around 50 per cent due to the sharp drop in Europe trade volumes. Dr. Dissanayake said Europe is a large market and a drop in trade has adverse effects on the container Cargo market. The top 10 carriers faced a 15 per cent drop in Cargo during the first nine months of 2009 compared to the corresponding period of 2008.

    A drop in lifting to USA implies a decline in vessel utilisation, a dangerous trend that will prevail up to 2011 , he said.

  • 20 Feb 2010 21:08:44 GMT

    Colombo can maintain hub status - CASA

    [The global downturn has had a significant impact on shipping worldwide. In fact now about 12 percent of the global fleet is idle that means 1.5 million TEUs are idle.

    The end the war will help in reducing the cost for owners in due course with the removal of the ability of insurance companies to levy additional premium when calling Colombo, Ceylon Ship Agents Association (CASA) Chairman Nimal Ranchigoda told the Daily News Business.

    Regarding the competition the country faces, Sri Lanka s position is similar to that of Hong Kong to China. The more China grows the more Hong Kong grows.

    There is enormous potential for growth in India and Colombo stands to benefit by such growth. The Indian and Sri Lankan ports are complementary of each other and not competitive against each other.

    Right now the ISC handles about 13 million TEUs and it is expected these volumes will double in a few years. Therefore, there is room for both Indian ports and Sri Lankan ports to grow and serve the trade. Thus Colombo will continue to have its role as a hub / relay port to play, he said.

    Due to the global downturn, slow steaming to conserve fuel and the general decline in trade the urgency for deeper draught berths to handle very large container carriers of today is not pressing.

    However, we should have had at least one terminal of the new Colombo port expansion project in place by now in the light of the number of large container vessels already in service and in order to stress our strengths as a regional hub port facilitating the movement of containers in the ISC region.]

  • 20 Feb 2010 21:09:33 GMT

    [Some pressing needs of the shipping industry particularly in the area of ships husbanding, bunkering and ship repairs should be met soon with the development of the Hambantota port while in the long term facilities for container handling can also be envisaged.

    There must be a greater impetus for exports, new markets and new production should receive priority if we are to strengthen the economy.

    Facilities for vessel husbanding, repairs, casualties, adequacy of spares, are in short supply. Travel time between the airport and ports have to be reduced. Rail transport should be promoted. Coastal shipping has vast potential. Inland container depots in the industrial zones will be required to ease congestion and streamline marshalling of exports and imports.

    Ferry services around Sri Lanka as well as from Sri Lanka to other ISC destinations to promote tourism and trade should be launched.

    The implementation of Electronic Data Interchange (EDI) and E-Commerce for all stakeholders in the industry to eliminate the need to visit various Government organizations like Sri Lanka Ports Authority and Sri Lanka Customs and other organizations should also be expedited.

    Sri Lanka stands to benefit from the enormous trade and movement of cargo from the powerhouses of India and China since it is believed that 40 percent of world trade would be contributed by Asia.

    We should strive in delivering world class services not only in port handling functions but also in other ancillary services which will feature Sri Lanka as a regional shipping/maritime centre rather than just a hub or relay port. The necessary infrastructure and business climate should also be made available, CASA Chairman said.]