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Hambantota Port records a significant 40% increase in RORO transshipment activity

The Hambantota International Port (HIP) announced yesterday a notable 40% increase in the volume of RORO vehicles handled between the second and third quarters of 2024. The number of units processed rose from 125,526 in the second quarter to 175,583 by the end of September.

This growth is attributed to the expansion of shipping lines utilizing HIP for transshipment, alongside the addition of new ports to the Port’s delivery network. Among the newly connected ports are Shanghai, Ulsan, Taicang, Pyeongtaek, Dafeng, and Baltimore. Anticipating this surge, HIP strategically expanded its yard space, a plan set in motion two years ago.

Lance Zuo, HIPG’s Commercial and Marketing General Manager, highlighted that most RORO cargo is transhipped globally. He also noted a shift in the types of vehicles arriving for transshipment, with an uptick in high and heavy vehicles from key clients, significantly boosting the Port’s revenue. The growing number of RORO shipping lines launching new services from HIP underscores their confidence in the Port, particularly due to the increase in transshipment of high-end vehicles.

HIPG CEO Wilson Qu attributed the rise in RORO volumes to multiple factors, including the Port’s strategic location, ample yard space, and, most importantly, its commitment to service excellence. “Our highly trained and experienced operational staff ensure efficient vessel planning and cargo handling with zero tolerance for accidents. By leveraging HIP’s prime location, expanding infrastructure, and a skilled team, we are well-prepared to meet the evolving needs of the global shipping industry,” Qu said.

He further emphasized HIPG’s commitment to enhancing the Port’s service offerings, with a focus on customer satisfaction. “As we continue to grow, we are excited about the new opportunities and innovations we bring to the maritime sector.”

With a well-crafted master plan and targeted investments, HIP is well-positioned to sustain its growth and continue elevating its standing in the global maritime industry.

Source: DailyFT