Hambantota Port eyes container relay market

Sri Lanka’s China-backed Hambantota International Port is planning to enter the container relay market, aiming to contribute to the country’s goal of handling 10 million boxes by 2025/2026.

Unlike transshipment, which involves bringing containers from regional ports to a hub port, cargo relay transfers cargo between ships from the same carrier on different routes.

According to the Hambantota International Port Group (HIPG), this new venture is part of its seaside strategy and presents a significant opportunity for Sri Lanka.

By using an intermediate relay port, shipping lines can optimize routes, streamline operations, and reduce transit times.

Wilson Qu, CEO of HIPG, noted that the port is exploring new markets to expand its reach. He emphasized that Hambantota Port’s strategic location on Sri Lanka’s southern coast, along key maritime routes, offers a unique opportunity to attract customers who may not have previously seen Sri Lanka as a viable option.

The port is installing new cranes to handle up to a million TEUs annually and is planning a feeder operation with Colombo. Additionally, HIP has an industrial port that will help increase cargo volumes as part of its ‘landside’ strategy, aiming to go beyond its geographical location.

The port also sees opportunities in transshipment, with over 70% of containerized cargo from BIMSTEC countries bypassing Sri Lankan ports, presenting a major market opportunity for Hambantota.

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