Hambantota International Port anticipates a 50% increase in growth
3 weeks ago
Hambantota International Port anticipates a 50% increase in growth
The Hambantota International Port (HIP) has witnessed a remarkable surge in volumes, with a 40% growth recorded so far in 2024. According to the port’s Commercial and Marketing division, this growth is projected to reach 50% by the end of the year.
"The port’s outstanding performance and strategic expansion in 2024 highlight the Hambantota International Port Group’s (HIPG) expertise in networking, marketing, and managing port operations. HIP’s capability to efficiently handle increasing volumes underscores both the port’s effectiveness and HIPG’s dedication to continuous development. This includes enhanced efficiencies, strategic investments in infrastructure, and expanded services. The leadership at the port has been instrumental in driving this success," said Mr. Lance Zuo, General Manager of Commercial and Marketing.
Notable growth has been observed in the Bulk/Break-bulk, Gas, Marine Services, and Container segments, reinforcing Hambantota Port’s status as a significant player in the maritime industry. The port is increasingly recognized for its strategic location and efficient services, establishing it as a preferred hub for transshipment and logistical operations.
The port's diverse operations, including cruise vessels entering, layup and repair vessels docked, anchorage bunkering, LPG vessels docking, break-bulk cargo handling, bulk cargo operations, the RORO yard, and container cargo vessels, all contribute to its robust growth and its emerging role as a key maritime hub.
Source: Ada Derana Business