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Monday June 3rd, 2024

Sri Lanka’s China-backed port starts container transshipment amid Red Sea crisis

MAIDEN CALL: MSC Ingrid sailing into Hambantota International Port to kick off container transshipment

ECONOMYNEXT – Sri Lanka’s China-backed Hambantota International Port Group said it had entered container transshipment, partnering with Switzerland based Mediterranean Shipping Company.

The container vessel MSC Ingrid made her maiden call at the port on April 09, coming from Rotterdam discharging 500 twenty foot equivalent units, kicking off the transshipment service, the company said.

“We are confident our container transshipment service will enhance Sri Lanka’s position in the marine connectivity index for the South Asian region,” Johnson Liu ,Chief Representative of China Merchants Group in Sri Lanka and CEO of HIPG said.

“With MSC’s collaborative partnership, HIPG will now look at expanding our investment in equipment and other infra-structure facilities, enabling us to service larger vessels on the east west shipping route.”

HIPG is a joint venture between China’s CM Ports group and Sri Lanka Ports Authority.

The boxes unloaded on April 09, will be picked up by another MSC vessel, ‘Sky 11’, on April 16 and be taken to Dubai.

Many mainline vessels that are by-passing Middle Eastern ports East of Suez and going around the Cape of Good Hope are discharging or picking up Middle Eastern cargo in Sri Lanka.

RELATED:

Sri Lanka sails in to the breach as ships by-pass Middle East over Houthi attacks

Sri Lanka container volumes surge 30-pct in Feb amid Red Sea troubles

Container volumes at Colombo also surged 29 percent in February.

“We plan to make optimal use of HIP’s strategic location, capacity and expertise, to deliver the full potential the port is capable of, doing our part to enhance Sri Lanka’s regional hub status,” Liu said.

Shamal Perera, Director-Operations and Regional Operations Manager-Colombo representing MSC Geneva, said his company was looking for best options for customers given the current situation in shipping.  

“As a forward thinking Carrier, MSC will always evaluate available options in order to be flexible in providing the best services to our customers,” Perera was quoted as saying in the statement.

Sri Lanka’s Ports Minister Nimal Siripala de Silva supported HIP in granting the required approvals to facilitate the shipping connectivity between Hambantota and the Port of Colombo, Liu said.

Through this approval, local importers and exporters would be able to make direct shipments or transshipment of cargo to and from Hambantota to Colombo, the port said.

“Given the climate change environmental concerns in the logistics and supply chain industry, the shipping connectivity between the two Ports will make a significant impact in reducing green-house gas emissions as opposed to road transport,” the port said. (Colombo/Apr09/2024)

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  1. Ravi says:

    Excellent news! One question. What is the proportion of our profit??

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  1. Ravi says:

    Excellent news! One question. What is the proportion of our profit??

Water levels rising in Sri Lanka Kalu, Nilwala river basins: Irrigation Department

Sri Lanka Navy assisting in rescue operations (Pic courtesy SL Navy)

ECONOMYNEXT – Sri Lanka’s Irrigation Department has issued warnings that water levels in the Kalu and Nilwala river basins are rising and major flooding is possible due to the continuous rain. People living in close proximity are advised to take precautions.

“There is a high possibility of slowly increasing prevailing flood lowline areas of Kiriella, Millaniya, Ingiriya, Horana, Dodangoda, Bulathsinhala, Palinda Nuwara and Madurawala D/S divisions of Ratnapura and Kalutara Districts, up to next 48 hours,” it said issuing a warning.

“In addition, flood situation prevailing at upstream lowline areas of Ratnapura district will further be prevailing with a slight decrease.

“The residents and vehicle drivers running through those area are requested to pay high attention in this regard.

“Disaster Management Authorities are requested to take adequate precautions in this regard.”

The island is in the midst of south western monsoon.

DMC reported that 11,864 people belonging to 3,727 families have been affected due to the weather in Rathnapura, Kegalle, Kilinochchi, Jaffna, Mullaitivu, Kalutara, Gampaha, Colombo, Galle, Matara, Hambantota, Puttalam, Kurunegala, Kandy, Nuwara Eliya, Anuradhapura, Polonnaruwa, Badulla, Moneragala, and Trincomalee districts.

Meanwhile, the Meteorology Department stated that showers are expected on most parts of the island today.(Colombo/June3/2024)

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UNP gen secy defends call for postponing Sri Lanka poll, claims opposition silent

The UNP party headquarters in Pitakotte/EconomyNext

ECONOMYNEXT — United National Party (UNP) General Secretary Palitha Range Bandara has defended his call for postponing Sri Lanka’s presidential election by two years, claiming that his proposal was not undemocratic nor unconstitutional.

Speaking to reporters at the UNP headquarters Monday June 03 morning, Bandara also claimed that neither opposition leader Sajith Premadasa nor National People’s Power (NPP) leader Anura Kumara Dissanayake have spoken against his proposal.

“I have made no statement that’s undemocratic. My statement was in line with provisions of the constitution,” the former UNP parliamentarian said.

He quoted Section 86 of Chapter XIII of the constitution which says: “The President may, subject to the provisions of Article 85, submit to the People by Referendum any matter which in the opinion of the President is of national importance.”

Sections 87.1, 87.2 also elaborates on the matter and describes the parliament’s role, said Bandara.

“I spoke of a referendum and parliament’s duty. Neither of this is antidemocratic or unconstitutional. As per the constitution, priority should be given to ensuring people’s right to life,” he said.

“Some parties may be against what I proposed. They may criticse me. But what I ask them is to come to one position as political parties and make a statement on whether they’re ready to continue the ongoing economic programme,” he added.

Bandara claimed that, though thee has been much criticism of his proposal for a postponement of the presidential election, President Wickremesinghe’s rivals Premadasa and Dissanayake have yet to remark on the matter.

“I suggested that [Premadasa] make this proposal in parliament and for [Dissanayake] to second it. But I don’t see that either Premadasa nor Dissanayake is opposed to it. To date, I have not seen nor heard either of them utter a word against this. I believe they have no objection to my proposal which was made for the betterment of the country,” he said. (Colombo/Jun03/2024)

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300 of 100,000 trees in Colombo considered high risk: state minister

ECONOMYNEXT – Trees in Sri Lanka’s capital Colombo are being monitored by the municipal council, Army and Civil Defense Force as the severe weather conditions continue, State Minister for Defense Premitha Bandara Tennakoon said.

“Within the Colombo Municipal Council city limits, there are 100,000 trees. Of these, around 300 are considered high risk,” Tennakoon told reporters at a media conference to raise awareness about the current disaster management situation.

Not all trees required to be cut down he said. “We can trim some of the branches and retain them.”

The problem was that buildings in the vicinity of the tree had cut branches on one side, causing it to become unbalanced, the minister said.

New laws would be brought in so provincial/municipal institutions could strengthen enforcement of building codes.

“We don’t have a single institution that can issue a warning about a tree. Not one to tell us what trees can or cannot be planted near a road.

“Trees should be suitable for the area. Some trees have roots that spread and damage roads, buildings. When the roots can’t go deep, they tend to topple over.

“Now Environment Day is coming up, and anyone can go plant a tree by the road. We have to take a decision about this. We have to enforce laws strongly in future.” (Colombo/June3/2024)

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