Sri Lanka's Hambantota Port to boost volumes with K-Line terminal deal
Sep 13, 2018 16:48 PM GMT+0530 | 0 Comment(s)
ROLLING ON: Chief Executive of Hambantota International Port Group Ray Ren and President & CEO of KLPL, Makoto Hashizume at a meeting.
ECONOMYNEXT - Sri Lanka's Hambantota Port said it has signed a terminal service agreement with Japan's K-Line, which will lead to more vehicles being transshipped via the port.
Hambantota International Port Group (HIPG), a China - Sri Lanka joint venture that operates the port said the K-Line was one of the world's largest Ro-Ro (roll or roll off car carrier) operators in the world.
"The TSA was a result of K Line’s decision to partner HIPG to improve their throughput via the Hambantota port" as they service standard were reached and consistently maintained, HIPG said.
The firm said it was the first TSA to be signed by any port in Sri Lanka with a Ro-Ro operator. (Colombo/Sept13/2018)