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Tuesday September 27th, 2022

Maersk, MSC, CMA CGM, top port operators bid for Sri Lanka terminal

ECONOMYNEXT- Seven consortia, made up of the largest shipping lines in the world including Maersk, MSC and CMA CGM, teaming up with top operators and Sri Lanka-based firms, have expressed interest in building a $400 million container terminal in Colombo, sources said.

Maersk, the world’s largest container shipping line by capacity; APM Terminals with John Keells and india’s Concor; Mediterranean Shipping Company (MSC), the second largest; and Terminal Investments Ltd are among those who have expressed interest.

Mitsui Corporation, Misubishi Logistics, Malaysia’s Westport, NYK, Tata Realty and Infrastructure Limited have bid with Sri Lanka’s Hayleys group.

Port of Singapore Authority, Pacific International Lines and India’s Shapporji Pallonji have bid with Sri Lanka’s Aitken Spence group.

CMA CGM, Evergreen and Summit Alliance Ports of Bangladesh have bid with China Merchants group.

CMA CGM has also come with Terminal Link as one of its port arms.

Transnet of South Africa has also expressed interest.

Sri Lanka’s shipping Minister Arjuna Ranatuga said that having a partner from the Indian subcontinent would be a plus point.

Sri Lanka also wanted a shipping line to be an investor, who would take over the East Terminal to bring in new volumes and prevent cannibalising of existing traffic.

The bulk of Colombo’s transhipment volumes comes from India..  (Colombo/Sept22/2016)

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