The Hambantota International Port (HIP) experienced a remarkable 40% increase in the handling of roll-on/roll-off (RORO) vehicles between the second and third quarters of 2024, driven by a resurgence in global shipping activity.
By the end of September, the port processed 175,583 units, up from 125,526 units in the previous quarter. This surge was attributed to heightened transshipment operations and the addition of new ports to HIP’s network, including Shanghai, Ulsan, Taicang, Pyeongtaek, Dafeng, and Baltimore.
Lance Zuo, General Manager of Commercial and Marketing at Hambantota International Port Group (HIPG), noted that the growth was largely fueled by transshipment, as well as a shift in the types of vehicles being handled. “We have seen an uptick in the arrival of high and heavy vehicles from our contracted clients, which has significantly boosted the port’s revenue,” Zuo stated.
The launch of new services to additional destinations by several RORO shipping lines reflects their increasing confidence in the port, particularly given the significant rise in high-end vehicles being transshipped.
Wilson Qu, CEO of HIPG, highlighted operational excellence as a crucial factor behind the port’s success. “While various elements contribute to the increase in RORO volumes, such as the port’s strategic location and expanded yard space, the primary driver is our commitment to service excellence and safety, with a zero-tolerance policy for accidents,” Qu explained.
He further emphasized that by leveraging HIP’s advantageous location, enhancing infrastructure to manage growing volumes effectively, and employing a skilled team, the port is well-equipped to meet the evolving demands of the global shipping sector.
With a solid master plan and strategic investments in place, the HIP aims to sustain its growth trajectory and solidify its position within the maritime industry. Qu expressed enthusiasm for the future, stating, “As we continue to expand, we are excited about the new opportunities and dimensions we bring to the industry.