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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lankan Port Transshipment Hub Threats & Opportunities

Sri Lankan Port Transshipment Hub Threats & Opportunities

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Sri Lankan Port Transshipment Hub Threats & Opportunities Article_image_ext_2016_01_05_14519669131451967015

Transco Cargo has a weekly sailing to Sri Lanka, and staying on top of topics with relation to Sri Lanka port activities is of import to us as well as to our valued customers. Since 2015, the framework for foreign policy has been to position the island nation in its prosperous position in the Indian Ocean towards making the Sri Lankan Port of Colombo a regional maritime and logistics hub. Now, five years since that decision, we look at whether Sri Lanka has been able to utilize the opportunities given to them and what threats are looming in terms of its Sri Lankan port transshipment hub status.

With a great geolocation advantage as a key logistics hub in the Indian Ocean, Sri Lanka has been a stopping point for maritime trade for centuries and that tradition in East-West trade routes continues. In the region of South Asia, India, Sri Lanka, Pakistan and Bangladesh are key players, whereby India owned more than half of the container throughput market, with Sri Lanka following soon after with just under a quarter. In order for Sri Lankan Port transshipment volumes to grow, it’s vital to make use of the its location between two other leading regional hubs, that of Dubai (Port of Jebel Ali) and Singaporean ports.

The four major Sri Lankan ports are located in Colombo, Galle, Hambantota and Trincomalee, with the Port of Colombo being the busiest with three operational terminals helping assist with volumes; it is an ideal transshipment hub in the region. However, the Hambantota Port has more of a strategic location due to it being closer to the Indian Ocean shipping lanes capable of handling deep-water vessels. The China owned port has been integrated with the BRI or the Belt Road Initiative and last year, in 2019, a new terminal was initiated making it one of the largest in South Asia.

However, whilst Sri Lankan ports have their advantage, the lack of infrastructural development has held back its potential with competitors in the regions (India, Dubai, and Singapore) expanding their capacities further. Jaffna and Trincomalee are also underutilised due the lack of infrastructure to carry out transshipments. Many experts feel that the Sri Lankan port policies need realigning, with recommendations made Christopher Finnigan and Inoka Perera as follows;

Prioritising on operational facilities and digitalization
Encouraging regional investments and bilateral agreements
Strategising in regional port development projects
Should Sri Lankan port authorities and the government make the necessary development changes, Sri Lanka should be able to stave off threats and competition to reach its full potential as a transshipment hub.

https://www.srilankachronicle.com

rajini


Manager - Equity Analytics
Manager - Equity Analytics

--- ලංකාවේ පිහිටීම --

.

* ඉන්දීය සාගරයේ බටහිර දොරටුව වන ඒඩන් බොක්කේ සිට නැගෙනහිර දොරටුව වන මලක්කා සමුද්ර සන්ධිය දක්වා බටහිර - ආසියා කෙටිම මාර්ගය ලංකාව ආසන්නයෙන් වැටී ඇති අතර ලංකාව දකුණු ආසියාවේ විශාලතම නගර වලින් කිමී 2000ක් ඇතින් පිහිටයි. .

* ඉන්දියන් සාගරය මැදින් දෙකඩ කරමින් ඉන්දියාව කිමී 2000ක් පමන සාගරයේ දකුණු දෙසට නෙරා ඇත. ඉන්දියාවේ මෙම බාධාකාරී පිහිටීම නැව් වලට ආසියානු මහද්විපයට සමීපයෙන් ඉන්දියන් සාගරය ඔස්සේ ගමන් කිරීමට බාධාවකි.

* විශාල නැව්වලට නැව් මාර්ගයෙන් කිමි 2000 ක් එපිටින් ඇති නගරවලට ගොස් භාණ්ඩ හුවමාරු කර නැවත පැමිණීම වියදම් අදික, කාලය වැයවෙන ක්‍රියාවකි

* නැව් වලට වඩාත් ලාභදායක වන්නේ ආසියාවේ දකුණු කෙලවර ඇති ලංකාවේ වරායන් දකුණු ආසියාවේ භාණ්ඩ හුවමාරු වරායන් ලෙස යොදාගැනීමයි. ලංකාවේ සිට වෙනත් නැව් හා මාර්ගවලින් මෙම භාණ්ඩ දකුණු ආසියාවෙ නගර වෙත යැවිය හැක.

* ලංකාවයි බිලියන 3ක ජනතාවක් සහිත දකුණු ආසියාව, නැ. අප්‍රිකාව, අරාබිය, ආසියාන් වෙලදපොලවල්වලට මැදිව පිහිටීම.




* ලංකාවේ සිට කිමී දහස් ගණනක් අමුද්‍රව‍ය හා නිෂ්පාදිත භාණ්ඩ ගෙන යෑමට වඩා හුවමාරු වරායක් නිසා අනිවාර්ය නැවතුම්පලක් වෙන ලංකාවේ මෙම භාණ්ඩ නිපදවීම ඉතා ලාභදායිවන අතර හා කාලයද ඉතිරි වේ





* ස්වාභාවික සම්පත් වෙලද පොලක් (Commodity Trading Market) ඇති කිරීම. රුසියාව වැනි රටවල් ඔවුන්ගේ ස්වභාවික සම්පත් ලංකාව හරහා ඉන්දියන් සාගර කලාපයට විකිණීමට අවසර ඉල්ලා ඇති නමුත් එයට අනුමැතිය දීමට කල් ගනිමින් පවතී.

ඕස්ටේලියාව, දකුණු අප් රිකාව,මැද පෙරදිග වැනි සම්පත් බහුල රටවලටද මෙම කලාපයේ වෙලදපොලට පිවිසීමට සම්පත් වෙලද පොල ඉතා වැදගත්ය. ( විස්තර සදහා කොමෙන්ට් බලන්න)




From sribuild relanka page

I don't see any competition for south asian transshipment port unless we build another port  some where near Koggala.
Yes. we need to expand Colombo port and build another port in some where we can find 1000 acres bare lands.
This is a very good page to understand the real potential of Sri Lanka. Sri Lanka is in a mind blowing position in the Indian ocean

https://www.facebook.com/Rebuild-Sri-Lanka-106011768825802/

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