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Tags Port of Colombo

Tag: Port of Colombo

US to invest over half a billion US dollars in new box terminal in Sri Lanka

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...

Sri Lankan government invests US$132 million in port development

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...

MSC America, first vessel under port promotion programme calls Colombo

MSC America, the first container vessel under the business promotion programme to bring new services to the Port of Colombo (POC), arrived on 7...

Sri Lanka box terminal introduces new trucks for inter-terminal transfers

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...

Major box carriers to raise peak-season levy for India-US trades

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...

Colombo Port sees modest growth in transshipment boxes despite Sri Lanka’s economic crisis

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...

Colombo delays lead Hapag-Lloyd to suspend bookings from Europe to India

The current backlog in transshipment cargo from the port of Colombo in Sri Lanka to Visakhapatnam, India will be causing delays that are expected...

World’s largest container vessel calls at Colombo port

The largest container vessel in the world, the 24,000TEU class Ever Ace has made its inaugural call at the Port of Colombo, docking at...

SLPA signs US$700 million deal for new container terminal in Colombo

The Sri Lanka Ports Authority (SLPA) and Adani Ports and Special Economic Zone Limited (APSEZ) have signed a 35-year agreement to jointly develop the Colombo West...

Navis changes hands while its TOS attracts new entries

The California-based technology investment firm, Accel-KKR has completed the acquisition of Navis LLC with all business units and employees transferred by the end of 2021. The...
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Port of Algeciras sees 3% cargo growth in Q1 2024

During the first quarter of 2024, the Port of Algeciras experienced a 3.30% increase in cargo throughput, reaching 26.6 million tonnes. This growth was primarily...

Decline in global bunker indices

During the 17th week of the year, the global Marine Bunker Exchange (MABUX) indices saw a slight downturn. The 380 HSFO index dropped by US$3.01...

CMA CGM applies new peak season surcharges from Asia to West Africa

In an ongoing commitment to enhance service reliability and efficiency, CMA CGM has announced the implementation of two Peak Season Surcharges (PSS). The first PSS...

DP World and Sabah Ports forge partnership to enhance capacity at Sapangar Bay Container Port

DP World and Malaysia's Sabah Ports have forged a partnership aimed at enhancing the management of Sapangar Bay Container Port (SBCP), solidifying its stature...