Economics

Hambantota Port Sees 40% Increase in Vehicle Handling

  • October 8, 2024

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

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Business

Colombo Port Named World’s Best Growing Port for Q1 2024

  • July 30, 2024

Colombo Port has been recognized as the World’s Best Growing Port for the first quarter of 2024 by Alphaliner, a leading global shipping and logistics news portal and research publication. The nomination highlights the port’s impressive increase in cargo volumes and revenue, achieving a remarkable growth rate of 23.6% in 2024, according to K. D.

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