Colombo Port gets competitiveness boost
By Uditha Jayasinghe
The terminal operators of Colombo Port yesterday made a bid to improve its efficiency by signing a landmark Memorandum of Understanding to (MoU) to unload excess ships of their competitors if berths are available, reducing waiting time for clients.
The agreement, which was signed in the presence of Ports and Shipping Minister Mahinda Samarasinghe, seeks to improve Colombo’s competitiveness by reducing the time ships would have to wait outside the port to be unloaded. Minister Samarasinghe was optimistic that this would increase TEU volumes and raise the port’s rankings. Colombo Port is currently ranked 23rd in the index of top 50 global ports, he added.
“Colombo Port has always done well, far beyond its South Asian competitors, but we need to keep encouraging ...