Port News

The company did not provide details of volumes handled at its individual terminals.


The strong showing may reflect some additional business due to the resetting of the alliances, but is more likely a sign of the good trade performance by the overall economy over the past months.

According to analysts, low freight demand, overcapacity, and the consequent tightening of profit margins has placed shipbuilding on a sort of hiatus, but it won’t last.


The launch of the new BBC Euro-Gulf Express Line follows BBC’s addition this month of westbound capacity on its Mediterranean-America service.

The Swedish government is coming under increasing pressure to intervene in the year-long industrial dispute at APM Terminals Gothenburg.

More investment and greater productivity are welcome, but shippers are wary of higher rates.

Such a move already has support on Capitol Hill, where lawmakers have been weighing options to strengthen Federal Maritime Commission safeguards against collusion among carriers in the world’s three major VSAs.

Growth in US containerized exports continues, but slows, despite uncertainties over the direction of US trade policy, a strong dollar, and growing competition.

Tissa Wickramasinghe TPM 2017

Investment by CM Ports in the technology enabled development of service at a level unseen in Sri Lanka, CICT General Manager Tissa Wickramasinghe said. He discussed the arrival of largest ships, capacity concerns, and regional impact in this interview.  


The deal follows the official adoption earlier this year of an ambitious development plan for the port.