Maersk mulls increasing container handling in Sri Lanka

ECONOMYNEXT – Maersk A/S, the world’s biggest container shipping line, is considering increasing its container handling business in Sri Lanka, the office of President Maithripala Sirisena said.

The announcement followed talks between Maersk Chief Executive Officer Soren Skou and President Sirisena at the Presidential secretariat Thursday.

Skou briefed Sirisena on the line’s expansion plans for container handling, a statement said.

President Maithripala Sirisena said that the government would facilitate multi-national companies such as Maersk A/S to expand container transshipment through the Port of Colombo as that would be of immense help to Sri Lanka’s economy, it said.

Maersk handles 20 percent of the Twenty Foot Equitant Unit containers (TEUs) at the Port of Colombo and a big chunk of Sri Lanka’s import and export freight.

Skou said that Maersk’s business partner, South Asia Gateway Terminals Pvt Ltd., is holding discussions with the Ministry of Ports and Shipping and the Sri Lanka Ports Authority (SLPA) regarding the expansion of container transshipments in Sri Lanka.

He said that a large segment of transshipments through the Port of Colombo is for the Indian subcontinent.
(COLOMBO, February 28, 2019-SB)

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